Commercial Mortgages £750,000 - £2,500,000
Shawbrook have further extended their product range with a bespoke larger loan product for strong, well considered cases with experienced applicants required in all cases.
| PRODUCT | ARRANGEMENT FEE | TERM and PAYMENT |
Residential Investment Commercial Investment Commerical Owner - Occupied |
2.50% |
Options
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See the standard mortgage criteria, however specific criteria for this product is
- Loan Size – Minimum £750,000 up to a Maximum of £2,500,000.
- Loan to Value – Up to 65%. Lower of purchase price or market value.
- Client Profile –
- Lending to simple Limited Company structures acceptable.
- Lending to offshore companies not accepted.
- Full personal guarantees required from all equity holding directors
- A1 credit conduct required on all secured and unsecured facilities
Interest Rates
All loans will be on a variable rate basis, with all tacking 3 month LIBOR. Pricing will on an individual case by case basis and will depend on Loan to value and the type of property.
Arrangement Fees
The fees quoted above are based on the loan amount with 0.25% being payable upon acceptance of the formal Offer letter and the balance being added to the loan on completion.
Other Fees
Valuation and Shawbrook Bank’s legal fees will be payable as well as your own legal fees. The amounts will depend upon the value of the property and the loan being agreed. Legal fees will be confirmed at formal offer stage. Shawbrook Bank’s legal fees will be deducted from the loan advance. Stamp Duty may also be payable if the property is being purchased, please seek professional advice on this item.
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. We would agree our fee with you on an individual case basis.
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.
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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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