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Mortgage & Equity Release - Call Us 0117 403 4474

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 0.94%
Rate type: Fixed 24 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.3% APRC
Nationwide BS logo 0.94% Fixed 24 months 3.3% APRC 60% £999 £561.24 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 0.95%
Rate type: Fixed 26 months
Monthly cost: £561.92 per month
Max LTV: 60%
Product fee: £1,499
Overall cost for comparison: 3.9% APRC
Platform logo 0.95% Fixed 26 months 3.9% APRC 60% £1,499 £250 cashback £561.92 per month get quotes Call us0117 403 4474 More details
Initial rate: 0.98%
Rate type: Fixed 26 months
Monthly cost: £563.95 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.98% Fixed 26 months 3.7% APRC 60% £1,999 £563.95 per month get quotes Call us0117 403 4474
Initial rate: 0.98%
Rate type: Fixed 26 months
Monthly cost: £563.95 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.98% Fixed 26 months 3.7% APRC 60% £1,999 £563.95 per month get quotes Call us0117 403 4474
Initial rate: 0.99%
Rate type: Fixed 24 months
Monthly cost: £564.63 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.9% APRC
Progressive BS logo 0.99% Fixed 24 months 3.9% APRC 60% £995 £564.63 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.00%
Rate type: Fixed 27 months
Monthly cost: £565.31 per month
Max LTV: 70%
Product fee: £999
Overall cost for comparison: 3.0% APRC
Santander logo 1.00% Fixed 27 months 3.0% APRC 70% £999 £565.31 per month get quotes Call us0117 403 4474 More details
Initial rate: 1.00%
Rate type: Fixed 27 months
Monthly cost: £565.31 per month
Max LTV: 70%
Product fee: £999
Overall cost for comparison: 3.0% APRC
Santander logo 1.00% Fixed 27 months 3.0% APRC 70% £999 £565.31 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.02%
Rate type: Fixed 26 months
Monthly cost: £566.67 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.9% APRC
Skipton BS logo 1.02% Fixed 26 months 3.9% APRC 60% £995 £566.67 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.05%
Rate type: Fixed 25 months
Monthly cost: £568.71 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.3% APRC
Barclays Mortgage logo 1.05% Fixed 25 months 3.3% APRC 60% £999 £568.71 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.05%
Rate type: Fixed 27 months
Monthly cost: £568.71 per month
Max LTV: 65%
Product fee: £999
Overall cost for comparison: 4.3% APRC
Leeds BS logo 1.05% Fixed 27 months 4.3% APRC 65% £999 £568.71 per month get quotes Call us0117 403 4474 More details Broker Only Deal
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Commercial Mortgages

Commercial Mortgages Service

Special features of what we offer include:

  • Whole of market service - we can compare commercial mortgages products with most UK lenders
  • Fast turnaround - speak to us today if you need to move quickly

To investigate your commercial mortgage options call our mortgage team on 0117 313 7780 or fill in our call back form.

What is a commercial mortgage?

Commercial mortgages are offered by many of the big high street lenders as well as by specialist lenders.

As commercial mortgages tend to be a higher risk than lenders they usually incur a higher interest rate and there can be a few additional requirements you need to be aware of.

To get a commercial mortgage you generally need:

  • A positive credit rating, some lenders may be willing to grant mortgages to borrowers or businesses who have adverse credit histories but their choice will be limited
  • A deposit, while there are options available for smaller deposits being able to put down at least 20% of the property value will decrease the amount of interest you need to pay each month
  • Information to evaluate if the property would be worth enough to cover the loan in the event that you defaulted on your repayments
  • Evidence to show that you can keep up with your repayments

If you are intending to purchase a commercial property with its business then you will need to offer the lender additional information such as:

  • Projections for business growth
  • Details of personal investment you have in the business
  • Credit status of the business
  • Information about how the business is currently performing
  • Forecast for profits and loss in the upcoming years
  • Information on why the business is currently being sold
  • Credit checks of key stakeholders

Commercial Mortgage Fees

With commercial mortgages the arrangement fees may be offered as a percentage of the loan value rather than at a fixed rate as you would expect with a residential mortgage.

As with a residential mortgage you will also need to pay for valuation fees, legal fees and keep in mind any redemption penalties for paying off the mortgage early.

With commercial mortgages there are a range of both repayment and interest-only plans. With an interest-only commercial mortgage the lender will need you to provide them with evidence of an investment policy or other appropriate insurance to show that you will be able to pay the outstanding loan at the end of your mortgage’s term.

Commercial Mortgage Advice

If you are currently searching for a commercial mortgage it is important to shop around to try and find the best deal for you or your business, you may want to consider consulting an independent mortgage advisor who has knowledge of the market and could help you find an appropriate plan.

If you want to find out more about commercial mortgages or any other kind of mortgage you could fill in the enquiry form on this website to request a call back from a member of the Fair Mortgages team or call 0117 313 7780

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Call us on 0117 313 7780 or Request a Callback for our commercial mortgage service

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