Owner Occupier Commercial Mortgage

Deal Structure

75% LTV

Interest Rate 3.93% fixed for 3 years

No arrangement fees

No exit fees

Over payments / lump sum reductions allowed

25-year term

Deal Summary

Our Client had outgrown his warehouse/ offices and had located a more suitable property which he wanted to purchase.

The company had been trading successfully for 10 years, with up to date accounts and management information.

With some uncertainty around Brexit, he was keen to keep as much cash in the business to give stability. In addition, he was looking for a facility with a fixed rate period, which also gave the option to make overpayments when profitability and cash-flow allowed.

After some financial analysis we prepared a presentation for a variety of lenders inviting them to tender for the business.

The client opted for an Owner Occupied Commercial Mortgage option that ticked all his boxes, providing a high LTV so he could keep some cash in the business, and that fixed rate period that also came with some great flexible over payment options. We also negotiated a 25 year term meaning that the cost of the mortgage was actually lower than the rent he was paying for a smaller unit.