Commercial Mortgage
Purpose
Purchase, refinance or equity release of a commercial property where the income to make repayments is from a related trading business
Borrower
Sole Traders*, Partnerships*, LLPs, UK registered Limited Companies, PLCs, SIPP and SSAS, Charities, Trusts and nominee structures domiciled in the UK, Overseas subsidiaries of UK domiciled companies if fully guaranteed by the UK domiciled parent
* Borrowing requirement must be a non-regulated case
Security
Owner-occupied trading premises located in England, Wales or Scotland
First legal charge over freehold or long leasehold property
Debentures and Guarantees considered on a case-by-case basis
ERC
2% in year 1
2% in year 2
1% in year 3
1% in year 4
1% in year 5
Loan to Value
Max 75% on Market Value basis
Amount
From £0.5m to £15.0m
Term
Max 5 years
Repayment profiles max 25 years
Arrangement fee
2%
Fixed Rate
—
Repayment type
Capital and Interest, up to 12 months capital repayment holiday available on a case-by-case basis
Interest only, additional criteria apply
Overpayments
Min £50,000
Commercial Investment Loan
Purpose
Purchase, refinance or equity release of commercial or residential property where the income to make repayments is from leases in place
Borrower
Sole Traders*, Partnerships*, LLPs, UK registered Limited Companies, PLCs, SIPP and SSAS, Charities, Trusts and nominee structures domiciled in the UK, Overseas subsidiaries of UK domiciled companies if fully guaranteed by the UK domiciled parent
* Borrowing requirement must be a non-regulated case
Security
Commercial, industrial, office, retail, warehouses, light industrial units, Mixed Portfolios (incl. Residential & Commercial), land, hotels, retail units, student housing, housing association, large HMOs or large BTL portfolios (8 properties or more) located in England, Wales or Scotland
First legal charge over freehold or long leasehold property
Debentures and Guarantees considered on a case-by-case basis
ERC
2% in year 1, 2% in year 2, 1% in year 3, 1% in year 4, 1% in year 5
Loan to Value
Max 70% on Market Value basis
Amount
From £0.5m to £15.0m
Term
Max 5 years
Repayment profiles max 25 years
Arrangement fee
2%
Fixed Rate
—
Repayment type
Capital and Interest
Interest only, additional criteria apply
Overpayments
Min £50,000
Specialist Buy-to-Let Loan
Purpose
Purchase, refinance or equity release of residential property where the income to make repayments is from leases in place
Borrower
Sole Traders*, Partnerships*, LLPs, UK registered Limited Companies, PLCs, SIPP and SSAS, Charities, Trusts and nominee structures domiciled in the UK, Overseas subsidiaries of UK domiciled companies if fully guaranteed by the UK domiciled parent
* Borrowing requirement must be a non-regulated case
Security
Residential investment properties, including MUFBs, large portfolios (no cap on number of properties), Mixed Portfolios (incl. Residential and Commercial), lets to housing association or local authorities or small HMOs (6 beds or less) located in England, Wales or Scotland
First legal charge over freehold or long leasehold property
Debentures and Guarantees considered on a case-by-case basis
ERC
2% in year 1, 2% in year 2, 1% in year 3, 1% in year 4, 1% in year 5
Loan to Value
Max 70% on Market Value basis
Amount
From £0.5m to £15.0m
Term
Max 5 years
Repayment profiles max 25 years
Arrangement fee
2%
Fixed Rate
—
Repayment type
Capital and Interest
Interest only, additional criteria apply
Overpayments
Min £50,000
All terms are indicative and subject to status, approval, and contract.