Commercial/Semi Commercial |
We will lend on a wide variety of commercial and semi-commercial properties. Amongst the types of property that we can lend on are: Shops - both with and without living accommodation, and also where all, or part, will be let. Each enquiry is assessed individually as we appreciate that everyone has different requirements. We aim to put together a package that is right for your client. |
These are usually in our local counties of Hertfordshire, Bedfordshire and Buckinghamshire, although we will consider other areas.| Minimum loan: | £50,000 |
| Maximum loan: | £1 million |
| Value of property: | Not less than £100,000 |
| Max Loan to Value: | 60%-70% of the property value (depending on the property type) |
| Current variable rate: | From 7.19% * |
| Overall cost for comparison: | From 7.50% APR * |
| Portable: | Yes |
| Ages: | Min 18 years - no maximum |
| Income capacity: | Based on affordability |
| Valuation fee: | On application |
| Property location: | Local counties preferred, but other areas considered |
| Repayment methods: | Repayment, interest-only, part & part |
| Arrangement fee: | Refer |
| Administration Fee: | £25 |
| Available for new purchase: | Yes |
| Available for remortgage: | Yes |
| Early repayment charge: | For the first 3 years |
| Deeds Release fee: | £50 |
| Redemption fee: | £75 |
*The actual rate payable will depend upon your client's individual circumstances, please ask for a personalised illustration. To discuss your client's requirements, either complete our on-line Enquiry form or telephone our Mortgage Department on 01582 765411. Building insurance cover is required and can be arranged by the Society. |
The Society is authorised and regulated by the
Financial Services Authority