Announcement
Exciting Commercial Trading Update!
Thank you for your support in the successful launch of our Commercial Trading proposition earlier this year. Our focus remains on delivering a simple, streamlined borrowing process so more businesses can purchase the property they operate from, or access funds for expansion.
We’re building on that foundation and supporting small businesses like never before with new Large Loan products and increasing our lending limit to £2.5m.
What’s New in Commercial Trading?
- Increased lending limit of £2.5m
- New large loan products for cases between £1m – £2.5m
- Large loan rates start from 6.44%
- Fixed rate options available in 2, 3 and 5 years
- Applicable to both Commercial and Semi-Commercial
Trading products
In addition, we’re still able to:
- Speed up completions with non-represented legals and the use of title insurance for eligible cases
- Rental income can be added to EBITDA where we have a mix of owner-occupied and rented units, whether that’s Commercial or Residential
- No debentures required