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Commercial Loans
Commercial loans/mortgages are available for a wide range of purposes and can be tailored to suit individual circumstances.
The lender will negotiate over the interest rate payable, the term and how the loan is structured. For example, it could be set up as interest only for a period of time reverting to capital and interest thereafter or capital and interest from the outset.
Rates of interest will typically be anything from the Bank of England base rate plus 1% to base plus 4%.
An arrangement fee is also usually payable. A typical fee is 1%. (Example: Borrowing £100,000 would result in a fee payable of £1,000.) Commercial loans and mortgages are not regulated by the Financial Services Authority.