Investment mortgage

For the purchase or refinance of commercial or semi-commercial property for letting on commercial terms

Typical terms for this type of loan are as follows:

• Amount - minimum £100,000 - no maximum
• Loan to value - up to 75% Open Market Value of the property to be mortgaged.
• Term - up to 25 years
• Repayment - regular instalments of capital and interest are standard but interest only is available in some circumstances
• Interest rates - fixed or variable rates are available. Margins on variable rates are usually between 1% and 3% above Bank of England base rate or LIBOR
• Lenders' fees - an arrangement fee is payable on acceptance of the lender's formal offer. You usually have the options of either paying this amount up front or adding the amount to the loan
• Other costs - borrowers are responsible for legal and valuation costs and the broker's fee