Commercial Mortgages
Highlights
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5 year fixed rates from 7.69%
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2 year fixed rates from 7.89%
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Variable rates from +4.49% above BBR
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LTV up to 75% of the vacant possession market value figure
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Owner occupied and investment options available
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Interest only and capital repayment available
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Up to age 80 at the end of the loan term (no max age if self funding)
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First time landlords acceptable
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No application fee
Features
Criteria
Acceptable Credit History
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Capital Repayment and Interest only up to 75% LTV
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Employed, Self Employed, Contractors and Retired applicants (subject to minimum income requirements)
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Mortgage term can be taken up to applicants 80th birthday (No max age if self-funding)
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Non EEA applicants considered by referral
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England and Wales
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Security must be over 50% commercial use
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Borrowers with good credit profiles whilst still allowing for the occasional payment slip
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No secured arrears in the last 24 months and account must be up to date
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No satisfied CCJ's or satisfied defaults in the last 36 months
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Unsecured arrears accepted provided that no more than 1 in the last 12 months
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No IVA/DMP/Bankruptcies or repossessions within the last 6 years
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No payday loan activity within the last 36 months
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Maximum total CCJ value is £5,000 (Must be satisfied)
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Purchase & Remortgage including capital raising for available up to 75% LTV
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Flexible loan sizes from £50,000 to £3,000,000 (Higher by referral)
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Fixed rates and variable products available
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Supporting borrowers with more complex income
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Terms from 5-25 years
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Lending from the Vacant Possession Market Value Figure
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Available for First Time Landlords
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Minimum age 21 with the loan term ending by age 80 (No max age if self-funding)
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No credit scoring; each case is assessed on its merits
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Caters for borrowers with minor credit blips or more historical credit issues over 36 months age