Secured Interest Only Commercial Mortgages
3 Year interest only commercial mortgage 12 months minimum period
5 Year interest only commercial mortgage 24 months minimum period
From £100,000 to £2,000,000
Lending for business purposes
1st Legal charge only
Security owned by the business
Personal Guarantees
Interest serviced only
Client has ability to extend at end of the term
Loan To Value (LTV’s) Based on MV VP
Commercial Property Below £1,000,000 up to 70%
Commercial Property Above £1,000,000 up to 65%
Residential Property Below £1,000,000 up to 75%
Residential Property Above £1,000,000 up to 70%
Residential Portfolio’s at 70%
Hospitality Below £1,000,000 up to 65%
Hospitality Above £1,000,000 up to 60%
Pricing
Arrangement Fee 2%
12% Per Annum Fixed Rate
1% Exit Fee
No ERC’s
Lenders legal fees and valuation fees to be paid by the borrower
Over payments allowed after minimum period