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Commercial Property Loans

Commercial Property Loans


Because we have a tendency to work closely with, and perceive little to medium businesses, we will deliver precisely the right industrial property loan for you.

All of our cases ar managed by a true person, with each client treated as a private – there\'s no ‘computer says no’ at Cambridge & Counties Bank. simply friendly recommendation on a way to apply for a poster business mortgage.

You won’t need to jump through hoops either. Our easy method means that we\'ll sometimes offer you a solution inside forty eight hours.

We conjointly understand you don’t like being sold-out extra product. That’s why we’ll simply give the industrial property loan you came to U.S.A. for, while not a bundle of insurance product on high.
We provide industrial property loans for:

    Business mortgages on premises for purchase, finance or to lift capital
 industrial property investment – wherever you get industrial property then let it out

Loan details:

    Minimum £50,000, most £4 million
    Terms from three years to twenty years
    Borrow up to seventieth of the worth of the property
    Rates begin from around five.95% higher than Bank of European country rate of interest – the particular rate can rely upon your individual circumstances

To find out additional regarding our industrial property mortgage loans, please complete the enquiry kind and a member of our loaning team can contact you. we\'ve got conjointly answered a number of the foremost common queries we have a tendency to ar asked at the top of the shape that you will notice helpful.
Important Information:

 while Cambridge & Counties Bank is regulated by the money Conduct Authority and therefore the prudent Regulation Authority, this loaning product isn\'t regulated by these authorities.
    Early compensation charges could apply if you repay all or a part of the loan within the 1st few years.
 a meeting fee are charged and this could embrace a ‘broker payment’ if you\'re introduced to U.S.A. by a 3rd party.

ANY PROPERTY USED AS SECURITY could also be REPOSSESSED IF you are doing NOT carry on REPAYMENTS ON YOUR LOAN
Frequently Asked queries
How much am i able to borrow?

We offer loans from £50,000 to £4m.

We lend up to seventieth of the worth of the property upon that the loan is secured.
How long am i able to borrow over?

Our mortgages ar accessible from three years up to twenty year terms for loans on industrial property and up to twenty five years for residential property loans.
How much can my loan cost?

The rate of interest can depend upon what quantity you would like to borrow, what share this is often of the property worth and therefore the level of risk we have a tendency to assess your loan to represent. every case is separately reviewed and takes all of your details into consideration.
What am i able to borrow for?

We will lend for industrial and residential property purchase or transfer, refinance, capital, business growth, investment and business acquisition.

We solely supply loans secured on property – we have a tendency to don\'t supply unsecured loaning or overdrafts.
Who does one lend to?

We settle for applications from sole traders, partnerships, indebtedness partnerships, restricted corporations, PLCs and Pension Funds/Trusts.
Do you supply interest solely loans?

Yes, we provide interest solely loans to businesses subject to a most ten year term. For industrial property loans this is often subject to a most five hundredth loan to worth and for residential property mortgages, subject to a most seventieth loan to worth.
How do I apply?

To apply for a secured property loan please contact a member of our team World Health Organization can discuss your needs and make a case for the method to you. Please complete the enquiry kind higher than and that we can go back to to you.
Do you lend to off shore companies?

We don\'t lend on to corporations that ar registered off shore, the borrowing entity must be Britain primarily based or registered. The bank can but contemplate loaning to Britain businesses that ar closely-held by off shore parent corporations.
Do you lend against properties placed in European nation and Northern Ireland?

We do lend against properties placed in European nation however sadly not against properties placed in European country at this point.
Do you appoint a separate solicitor?

We do perpetually use a bank approved solicitor on every loan. For property purchases you may need your own freelance solicitor to act on your behalf however within the case of a property finance, you\'ll be able to favor to use the bank solicitor to act for you furthermore may (as long because the bank solicitor is happy to try to to this).
Who arranges the valuation?

Once the mortgage has been formally approved, we\'ll acquire a quote from one among our approved valuers. Once you\'ve got paid the valuation fee we\'ll formally instruct the valuator.
Are there any penalties for repaying the Insurance Study And Technology UK loan early?

There ar early redemption charges that apply for the primary five years of the loan as follows; third in years 1-3, a pair of in year four and a hundred and twenty fifth in year five.

We do allow one payment reduction of the mortgage per twelve month amount of up to 100 percent of the capital balance of the loan while not penalty.
Can I build quarterly loan repayments?

Yes, you\'ll be able to repay your loan with monthly or quarterly repayments.
Do you supply bridging loans or loans for restoration or development?

We don\'t presently supply bridging loans or loans for property development or restoration.

We ar but aiming to supply loans for bridging and ‘light refurbishment’ comes within the close to future – if you\'d like more info please contact Insurance Study And Technology..
Do you lend for HMO’s (Houses of Multiple Occupancy)?

Yes – we have a tendency to do lend on HMO’s and student let properties.
Do you settle for talented deposits?

Yes we have a tendency to do settle for loans involving talented deposits.
Do you have a most age?

No, we have a tendency to don’t have a most age – we have a tendency to review every loan application separately on its own deserves.
Do i want to be an expert landlord?

Yes – we have a tendency to outline skilled landholder as having command 2 properties for a minimum of 2 years.
We do scrutinize every case on its own deserves but therefore if you\'re outside of this however will demonstrate expertise within the sector as an example we have a tendency to should still settle for your application.
Can I supply another property as extra security?

Yes, we will settle for extra unencumbered properties as security against a loan.
Does the property need to be managed by a belongings agent?

No, your property doesn\'t need to be managed by a belongings agent?
How quickly can i purchase my loan?

This will rely greatly on the circumstances of every individual case.
On average, our cases ar completed in around 6-8 weeks, though one exceptional case was completed in ten days therefore we will act terribly quickly once necessary!
Will I even have one contact?

At application stage, you may alter a member of our Business Development Team.
Once your loan has been approved, your case are disregarded to our Credit Team and you may be ready to contact them for updates and knowledge. {it can|it\'ll} sometimes be one individual that you alter however if they\'re not accessible another member of the team will have access to the most recent info on your case so they\'ll facilitate.

We ar a Britain primarily based operation and you\'ll be able to decision a member of our team and speak to them directly.
Do you lend to business start-ups?

Unfortunately we have a tendency to don\'t lend to begin up business – we have a tendency to lend to established business with a mercantilism history.
Do you supply mounted interest rates?

Our interest rates ar all variable and ar charged as a share rate over the Bank of European country rate of interest. we have a tendency to don\'t supply mounted interest rates on our loans.

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