Commercial Property Funding - Shawbrook Finance

UK Commercial Mortgages £75,000 - £750,000

 
PRODUCT ARRANGEMENT FEE TERM AND REPAYMENT

 

Commercial Owner
Occupied
Applicant trades from security, includes retail, office, leisure and ligh industrial

1.95%
(0.25% payable on acceptance with 1.7% added to loan)

 Options

  • 3 year term 5% capital repaid
  • 5 year term 7.5% capital repaid
  • 10 to 30 year term 70% capital repaid or full capital repayment

Commercial Investment
Applicant lets a mixed use or standalone commercial property

2.50%
(0.25% payable on acceptance with 2.25% added to loan)

 As above plan

  • Up to 65% LTV, 3, 5 and 10 year interest only

Residential Investment
Applicant lets residential dwelling, includes HMOs

 As above plan

  • Up to 70% LTV, 3, 5 and 10 year interest only


Interest Rates

Loans agreed are on a Variable Rate basis.
Interest on loans track Three Month LIBOR, rather than Base Rate.  The margin over LIBOR that you will pay depends on the Loan to Value and the type of property.  For example if the property is owner occupied semi commercial the margin ranges from 4.7% on less than 55% Loan to value up to 5.65% for 71 – 75% Loan to value. Current Three Month LIBOR can be found in the National Press. Interest is calculated daily and charged monthly in arrears. All mortgages to be paid by direct debit.
A full illustration will be provided that suits the circumstances of your transaction.

Arrangement Fees

The fees quoted above are based on the loan amount with 0.25% payable upon acceptance of the formal Offer letter and the balance being added to the loan on completion.

Other Fees

Valuation Fees and Shawbrook Bank’s legal fees will be payable as well as your own legal fees.  The amounts payable depend on the value of the property and the amount of the loan. An illustration will be provided depending on the circumstances of your transaction.  Stamp Duty may also be payable if the property is being purchased.  Please seek professional advice on this item. Shawbrook Bank’s legal costs will be deducted from the loan advance.

Broker Fees

We do not charge up front fees but will charge a fee to cover our professional time if the transaction goes through to completion.  This is typically 1% + VAT of the amount raised on your behalf subject to a minimum of £1500 + VAT..

Take a fresh look at your commercial mortgage needs.

As a chosen business partner of Shawbrook Bank call us today to chat through your requirements on
08444 144391. Alternatively complete the Enquiry Form on the right hand side of this page and one of our Consultants will call you to discuss your needs and provide you with a no obligation illustration.

Office

© 2012 : CommercialPropertyFunding.co.uk is owned and run by Sterling Capital Reserve Ltd

Sterling Capital Reserve Ltd
Sterling House, 10 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550
Map and Directions to our Office

Associations

  

ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
EARLY REPAYMENT CHARGES APPLY. A BROKER FEE MAY APPLY.

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