Commercial Bridging
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Key Product Criteria
Commercial bridging is a loan where the security property type is commercial - a property that is used for business purposes and houses a company and its employees. Commercial property includes shops and retail outlets, Restaurants etc. Commercial Bridging can be used to purchase or refinance a commercial property.
Purpose:
Commercial property purchase or refinance
Maximum loan size:
£3,500,000
Loan term:
3 to 18 months
MAX LTV:
65%
Arrangement fee:
2%
Interest method:
Retained or Serviced
Monthly rates from:
0.93%
Charge:
First
Early repayment charge:
Three months’ interest
Other Criteria:
Semi-commercial or commercial. To be classed as semi-commercial, the residential element must account for at least 50% of the value and have separate access
