Commercial Mortgages Products and Lending Criteria
At Aldermore, we pride ourselves on providing tailored and individual commercial mortgage solutions to meet the specific requirements of SMEs and property investors. We don’t market ‘off the shelf’ packages and we offer solutions for both regulated and unregulated mortgages across a wide range of differing property.
We will lend on a broad range of properties, including:
Offices, Industrial Units, Modern Factories and Warehouses, Retail without living accommodation, Retail with living accommodation, Commercial and Residential Investment properties, Licensed Houses in Multiple Occupation.
Speak to one of our underwriters on 01733 404518
Our Products & Features
- Up to 70% Loan to Value
- Lending Amounts £25,001 - £1m*
- Terms from 5 to 20 Years
- Interest margin available over Bank Base Rate or Libor. Larger lending amounts will typically be linked to Libor.
- Sitting tenant purchase
- Up to 100% of the discounted purchase price can be granted, provided the loan does not exceed our normal LTV for the scheme based on the market value of the property. Subject to application.
- Capital & Interest repayment options
- The mortgage must be on this basis for borrowing over 60% LTV. Where the application is for a residential investment mortgage and the applicant is a professional investor interest only for the loan term of 10 years is available.
- Interest Only Product**
- Up to 50% LTV available on interest only for a maximum 2 or 3 year term
- Up to 60% LTV available on interest only for a maximum 2 year term
- Fixed rate products (Subject to availability)
*on a single property (maximum £3m exposure to a single customer over multiple securities)
**Interest only period available provided we are satisfied with the application.
Special Products
- Auction Purchase
- Light Refurbishment Product
For further details on these products please download our ‘Product Guide’.
Lending Criteria
For full details of our lending criteria, please download our ‘Product Guide’.
Why use Aldermore Commercial Mortages?
At Aldermore, we pride ourselves on providing tailored and individual commercial mortgage solutions to meet the specific requirements of SMEs and property investors.
Click Here for ten reasons to use Aldermore Commercial Mortgages.
Early repayment charge (ERC)
3% in first 3 years, 2% in years 4 and 5 (calculated on outstanding balance or amount repaid+). Different ERC structure applies to fixed rates, please call for more information.
+Up to 10% of the outstanding balance can be repaid in any 12 month period without incurring an ERC.
Valuation basis
The market value of the property in its present condition, excluding any goodwill, fixtures and fittings etc.
The valuation panel will be restricted with all valuations instructed by Aldermore Bank PLC.
Speak to one of our underwriters on 01733 404518
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage. Aldermore Bank PLC is regulated by the Financial Services Authority.
CALL 01733 404518
- Arrangement Fees: 1.5%-1.75%
- Interest margin available over Bank Base Rate or Libor
Please call us to
discuss available rates
01733 404 518