Commercial mortgage criteria

We are currently only accepting commercial business from:
  • NACFB registered intermediaries
  • FCA mortgage regulated intermediaries who are already registered with us as introducers of residential or BTL mortgage

Lending criteria

We will lend to:

  • Sole traders
  • Partnerships, excluding LLPs
  • Limited companies

Minimum loan: £50,000

Maximum loan: £300,000

LTV: 60% for capital and interest or interest-only 

Term: Minimum five years. Owner occupied – maximum 25 years; commercial investment – maximum 25 years, subject to terms of the lease.

Tenure: Both freehold and leasehold are acceptable. If leasehold, the minimum required unexpired term on a lease must be at least 85 years from commencement of the mortgage.

Margins: We have a range of products with negotiable margins over our commercial mortgage rate.

Arrangement fees: Minimum 2%

Early repayment charges:
Apply for the first five years only; 10% annual overpayments allowed during this period.

Procuration fee: 50% of the agreed arrangement fee, payment made within 10 days of completion.

Security: First charge on commercial premises.