Owner-Occupier Commercial Mortgage

Deal Structure

75% LTV

£565k loan

Interest Rate 7.1% Fixed for 3 years

1.5% Arrangement Fee added to the loan

No Exit Fees

Over payments/ lump-sum reductions allowed without penalty

25-year term

Deal Summary

Our Client had outgrown his Warehouse/ Offices and had identified a more suitable property he wanted to purchase. The company had been trading successfully for 10 years and financials were in good order.

With some uncertainty around the economy, the client was keen to keep as much cash in the business as possible, however he also wanted the option of being able to make overpayments when possible. The stability of a Fixed Rate period was also very appealing.

After our financial analysis and presentation to the relevant funders, the client opted for the Bank that ticked all the boxes which included a high LTV and a Fixed Rate period that also came with some great flexible options. We also negotiated a 25 year term meaning that the cost of the mortgage was actually lower than the rent he was paying for a smaller unit.

Contact Simon Parkinson

07775 671 680

[email protected]