Commercial/Semi Commercial |
We will lend on a wide variety of commercial and semi-commercial properties. Shops - both with and without living accommodation, and also where all, or part, will be let Surgeries for doctors, dentists and veterinary surgeons Offices Industrial units Land, smallholdings, nurseries, farms Although we normally lend in our local counties of Hertfordshire, Bedfordshire and Buckinghamshire, we will consider other areas. Each enquiry is assessed individually as we appreciate that everyone has different requirements. We aim to put together a package that is right for you. Key features of this mortgage |
Amongst the types of property that we can lend on are:| 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 individual circumstances, please ask for a personalised illustration. This mortgage will not be regulated by the Financial Services Authority (FSA). Follow this link for information regarding Mortgage Regulation. To discuss your 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