Business Money
®
Owner Occupied Commercial Property
LTV % £k-£m YRS YRS ESW YRS
BANKS Aldermore
Allied Irish Bank (GB) Bank Leumi (UK) plc Bank of Scotland Barclays
FAF–The Rural Mortgage Specialists
HSBC
Lloyds TSB NatWest
Northern Bank
Santander Business Banking
Santander Corporate Banking
Unity Trust Bank Yorkshire Bank
BUILDING SOCIETIES Cumberland Holmesdale Newbury
25-(c)
250-neg 1-20 neg ESW neg Lib+ 1.5-5.0 2.5m-neg 0-5 neg UK neg
25-neg 1- neg 21 UK 0-2 negotiable 70
MV MV MV MV MV PP MV PP MV PP MV PP MV PP MV PP
5-20 40 ESW Yes BBR/libor frm 4.50 1.50-2.00 70 70 70 70 –––––––– – – 1.00-1.50 70 100 70 70 80 80 65 65 70 70 neg neg 85 80 85 85 67 –––––– – –––
70
Lib +2.0-4.0 (h) neg –––– 67 neg
25-neg 1-25 25 UK 1-3 0.50+ 2.0-8.0 neg
BOS Spec Prop Finance 100-neg 5-25 25 ESW neg 0.50+ 1.0-2.5 Clydesdale Bank
25-neg 1 - 25 (e) UK neg 0.50 + neg negotiable
25-neg 1 - 25 neg ESW neg (d)
25-neg 2-30 25 UK 0-2 0.50 + neg 25-neg 1-neg 21 UK 0-2
negotiable
neg 1- 25 neg UK neg (d) negotiable 25-neg 1-25 25 UK 5
Royal Bank of Scotland neg 1-20 neg UK neg (d) negotiable 25-neg 1-25 25 UK neg negotiable
The Co-operative Bank neg-neg 1-15 35 ESW neg 0.50 +1.5-5.5 Ulster Bank
neg 0.50+ neg
70 70 70 70 70 neg 70 neg 70 neg 70 neg 70 neg 70 neg max 1.50 70 neg neg neg 70 neg 60 neg – – 60 neg – – – –
70 (b) 70 70 70 70 75 70 60 60 60 60 70 (a) neg 100 neg 80 80 80 60 65 65 65 65 60 60 70 70 70 70 (g) (g) 0.50-1.00 70 70 70 70 70 70 70 70 70 70 70 70 neg neg neg neg neg
70 (b) 70 70 70 70 75 70 60 60 60 60 70 (a) neg 100 neg max 1.50 70 neg neg neg 70 neg 70 neg – – 70 neg 70 neg neg neg
0.50 + 1.85-7.00 1.0-1.75 70 70 70 70 70 70 70 70 70 70 70 70 70 70 70 70 max 1.50 70 neg neg neg 70 neg 70 neg – – 70 neg 70 neg neg neg
25-1.00 5-25 40 UK 0–1 0.50+ 2.50-4.75 min 1.00 70 80 70 70* 70 70 70 70 60 60 70 70 75 75 75 75 neg
70 70 70 70 70 70 70 70 – – 70 70 70 70 70 70 0.50-1.50 70 70 70 70 70 70 70 70 70 70 70 70 90 neg 90 neg
25-2.00 0-25 15 NI neg 0.50 + 2.0-4.0 1.00 500-6.00 1-30 35 EW 0-2 0.50 + 1.0-3.0 1.00 25-neg 1-25 25 E
neg 25-2.00 3-25 50 † 26-neg 5-25 50 † no 4.89 + 1.0-2.0 Norwich & Peterborough 75-10.00 5-25 50 UK no BBR + neg
COMMERCIAL PROPERTY FINANCE COMPANIES Commercial First n/s
Lancashire Mortgage n/s 26-1.00 1-30 WM Mann
(m) Peninsula Finance n/s Universal Acceptances n/s25-250k 10 Key: 50 ESW up to 30 from 10.90 (k)
30-0.90 2-12 no S neg 50-250k (l)
100 ESW (f)
neg 4.99 + 0.0-1.5 neg nil
– 70 70 70 70 70 70 70 70 70 70 70 70 neg 70 neg 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 70 70 70 70 70 neg 70 neg 70 neg 70 neg 70 neg 70 neg
– 60 60 60 60 60 60 60 60 60 60 60 60 60 60 60 – – 66 66 66 66 66 66 – – 66 66 – – – –
30-1.00 5-25 30 † no 4.45 + 0.55-2.55 0.25-1.00 65 65 65 65 65 65 65 65 65 65 65 65 65 65 65 65 1.00 min 75 75 75 75* 75 75 75 75 70 70 70 70 75 75 75 75
Temporary suspension of new lending 1.00-2.00 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 80 (j) 50 ESW 67mnths12.95% flat
0.50 + 6.0–7.0 (i) 1.00-2.00 65 65 65 65 65 65 65 65 65 65 65 65 65 65 65 65 from base + 7.75 2.00 2.00
E–England, S–Scotland, W–Wales NI–Northern Ireland. † see bank and property lenders – pages 68/69. (n/s) will consider non-status. Most lenders offer fixed rates. * Shops with accomodation # 100% LTV available with GP cost rent scheme (a) Higher LTV considered for exceptional circumstances/prime cases (b) 70–100% (c) Maximum £1m on a single property (maximum £3m exposure to a single customer over multiple securities) (d) Capital holidays are available subject to status (e) 20 years – Scottish lease, 25 years – English lease (f) All interest only (g) 90% for doctors and dentists. (h) Finance for purchase/development pending re-finance/re-sale (i) Interest calculated daily, fixed rate not offered and APR’s not quoted (j) Purchases up to 80%; remortgages and secured loans up to 70% (k) Discounted rate and bridging options (l) From 3 months, up to 30 years (m) Bridging finance 1-24 months; term loans and mortgages 7-30 years.
All information © Copyright Business Money Ltd 2010 The information in this table is updated every month. The guide to Business Money tables is on page 74
Hammonds and Squire Sanders give green light to global combination
T
he partners at Hammonds LLP and Squire, Sanders & Dempsey LLP have approved an agreement to combine, creating a new top-tier legal services group to provide comprehensive advice to clients worldwide. It is expected to take effect from 1 January 2011. In key practice areas, this development will allow us to offer greater resource for clients looking for advice in: corporate and corporate
finance; insolvency and restructuring; litigation, arbitration and alternative resolution; real estate; and regulatory. From an industry perspective, clients will be able to benefit from a deepening of our specialist knowledge in sectors including: chemicals; energy and utilities; financial services and banking; information technology; maritime; media; and sports and entertainment.
Business Money
Our geographical reach will allow clients ready access to the full resources of the combined firms, together holding a top-25 global ranking with 1,275 lawyers in 37 offices across 17 countries. This combination reflects the joint commitment of Hammonds and Squire, Sanders & Dempsey to provide consistently high-quality legal services and solutions for our clients.
November/December 2010 75
60 60 60 60 60 60 60 60 60 60 60 60 60 60 60 60 75 75 75 75 75 neg 75 neg 75 neg 75 neg 75 neg 75 neg
0.50-1.50 75 75 75 75 66 66 66 66 66 66 66 66 66 66 75# 75# neg
Name of lender
Amount Term
Lease/End of Loan Area
Capital Holiday
Interest Rates Margin %
Fees %
Industrial Professional
Office Retail
Hotels Guest Houses Pubs Restaurants
Nursing / Rest Homes
Doctors / Dentists
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