Commercial mortgage

Mortgage Loan

Taking out a commercial mortgage is one way of maximising your business finance. Property can be a significant cost for many businesses so it is important to manage that investment wisely.

-Choice of bank rate linked or fixed rate.
-Borrow up to 70% of the value of the property.
-Capital repayment holidays available.
-Mortgages start from £25,000.
-Choose a loan term of up to 25 years.
-We can lend up to 70% of the value of the property and in some cases we can lend more.
-Bank rate linked and fixed rates are available.
-For a bank rate linked mortgage you can apply for flexible capital repayment holidays of up to two years (to be taken in blocks of three months).
-If you choose a fixed rate, your repayments will remain the same even if bank rate rises or falls.
-If you repay part or all of your fixed rate mortgage before the end of the agreed term there may be an early repayment charge. There is no early repayment charge for bank rate linked loans.
-If you wish to borrow on other terms we may still be able to help you.

To apply online for a commercial mortgage from Lloyds TSB you will need to confirm the following:

-you are a sole trader, partner, or director
-you are aged 18 or over
-you require the finance for business use.

Before you apply you will need to have the following information available:

-how much you would like to borrow
the purpose of the finance
-how many months you would like to -make the repayments over.