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At Shawbrook we specialise in helping experienced businesses when seeking finance for either purchasing or refinancing commercial properties. We understand that for a small business, flexibility in lending options is essential.
We understand that cash flow is vital to any business and a choice of repayment options is just one of the benefits of choosing a Trading Business Mortgage at Shawbrook.
We adopt a pragmatic approach when assessing a loan application. Our experienced Lending Managers will rely on the support of a business valuation to assess affordability, in addition to the supporting accounting information.
Our range of products allow your business to borrow in your personal name, partnership, limited liability partnership or a limited company.
We have created a suite of products specifically for small owner occupied businesses in the leisure, retail, light industrial and pub sectors.
WE WILL CONSIDER THE FOLLOWING PROPERTIES
- Retail units
- Modern industrial units
- Public houses
TYPICAL TERMS AND LOAN TO VALUE (SUBJECT TO CONDITIONS AND SUITABLE SECURITY)
Our rates start from 5.30% for commercial and we can consider loans from £150k to £2.5m.
For existing customers, we offer a discount on either the margin or arrangement fee for existing clients with rates starting at 5.05% and arrangement fees as low as 1.25%
We can lend up to 75% loan to value (LTV) and offer loan terms from 10 to 20 years with flexible repayment options including part capital repayments or full capital repayment.
You can choose to repay a percentage of the capital (70%). If the asset generates additional income, this can be a sensible option to allow you to reduce the amount of borrowing over the term of the loan.
Our lender's arrangement fee is added to the loan even outside of maximum loan to value on an interest bearing basis.
Please speak to your broker to find out more about Shawbrook and whether we could assist with your finance needs. If you do not currently have a broker please call our internal team who will happily provide you with a list of options.
3 MONTH London Interbank Offered Rate (LIBOR)
From 1 January 2017
Please note that Shawbrook Bank applies a minimum rate of 0.75% to the term rate margin.
If your loan completed before January 2011, you may be on a different version of LIBOR. If you think this may affect your loan, please contact us on 0345 848 0223