Owner occupier mortgages
We provide mortgages for the purpose of purchasing, remortgaging or capital raising against commercial properties by small businesses who occupy and operate from those commercial properties.
We lend against open market vacant possession
- Partnerships
- UK Limited Companies
- Limited Liability Partnerships
- Commercial properties
We provide:
- Both fixed and variable rate loans
- Loan terms from 5 to 25 years
- Loans from £250,000 up to £5,000,000
- Up to 75% LTV
- Credit and Interest, with option of interest only for the first year
- No debentures up to £2,500,000
- No requirements to transfer your business bank account
- Able to lend to UK Limited Companies and Limited Liability Partnerships
- We accept Commercial properties for security.
Available products
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage
Our charges
Early repayment charges
You can pay off your mortgage early whenever you want, but you will have to pay an early repayment charge if you repay all or part of your mortgage within a specified period. Additional interest will be payable in the event of early redemption of the mortgage. Please contact Commercial Lending on 01733 372 425 to discuss what Early Repayment Charges are applicable to our products.
How to apply
Existing user
If you've completed an application with us before and have access to our Broker Portal, log in to apply.
For more information, see our Broker Portal user guide.
New user
If this is your first application with us, please submit an enquiry or contact your local lending manager.
What happens next?
Decision in Principle - The first thing we'll do is issue you with a DIP letter; you need to review this and add any details.
Valuation - A valuation will need to be carried out. Your lending manager will let you know the costs and make sure we have all the correct information so this part runs smoothly.
Meeting - Your relationship director will ask you some questions about your application and give you an idea of timescales.
Underwriter - Your relationship director will make a submission to our Customer Due Diligence and Credit teams for approval.
Mortgage offer - Once your application is approved, you'll be asked to pay a commitment fee to allow us to issue your Mortgage Offer letter, and progress your application to the legal process.