Business Money
® Name of lender
Investment Property
Residential Loan as % MV
BANKS
Ahli United Bank (UK) Aldermore
Allied Irish Bank (GB) Bank of Scotland Barclays
BOS Spec Prop Fin Bristol & West
65 70 70
70 (b) 70 75 70
Close Property Finance 75 Clydesdale Bank
70
FAF–The Rural Mortgage Specialists
Fortis Bank SA/NV Hampshire Trust HSBC
Investec Bank plc Julian Hodge Bank Lloyds TSB NatWest
Northern Bank 70
no 75 75
neg –
70 (b) 70 (t) 70
Royal Bank of Scotland 70 (t) Santander Business Banking 65 (r) The Co-operative Bank 70 Ulster Bank
Unity Trust Bank Yorkshire Bank
BUILDING SOCIETIES Cambridge Cumberland
National Counties Nationwide Newbury
70 –
70
70 70 70
65 (k) 75
Norwich & Peterborough no –
variable 65 130 125
70 70
variable(n) 65 (q) 70 80 70 70
150 (w) 125 120 100
variable 70 125 70 75
130 (c) neg –
variable 75 75
neg 70
variable(n) 65 (q) 1.25 x net 65 (t) 100
70
1.25 x net 65 (t) 140
100 –
70 75 70 75
variable 70 135
125 neg 135
70 75
70 (k) 65 75
75
125 130 125
150 (w) 125 115 100
130 125
125 (c) neg 125
3m–7.00 1–7 20
25– (v)
variable(n) 25–neg 25–neg 100–neg
neg Yes
250–neg 1–15 0
5–20 neg 1–15 neg neg
(d)
1m–25 3–20 neg 200–20.00 0–5
variable 25–neg neg–neg 1–25 neg 500–20.00 0–7 (f) neg variable(n) 25–neg
1.5m–neg neg 1m–neg 1–5 (d)
1.5 x net neg–neg 1–20 100
1.5 x net neg–neg 1–20 140 125 100 120
variable 25–neg 135
115 neg 135
COMMERCIAL PROPERTY FINANCE COMPANIES Aviva Commercial Fin Commercial First
Lancashire Mortgage Peninsula Finance
Universal Acceptances W M Mann
80(n/s)(p) 100 (m) – –
60 (n/s) 75 (n/s) 65
100
80 (p) 60 75 65
neg neg neg neg
1–5 1–15 neg Libor + 2.50–3.00 1.00
BBR/libor from 4.50 1.50–2.00 40 Libor + 1.50–5.00 negotiable
0.50+ 2.00–8.00 0.50 + 1.00–2.50 Libor + 1.25–2.00
0.50 + neg (i) negotiable Libor + 1.00–2.50
variable 50–2.00 1–25 up to 25 0.50 + 2.00–5.00 25–neg
0.50–1.00 25 0.50
Libor + 2.50–6.00 1.00 neg
neg England, Scotland, Wales England, Scotland, Wales
0.50–1.50 neg England, Scotland, Wales neg neg
21 UK neg UK
England, Scotland, Wales (a)
neg England, Scotland, Wales neg England, Scotland, Wales UK
neg, max 1.50 neg England, Scotland, Wales
0.50–1.00 neg UK 1.00
50 neg (s) 25–neg (j) 1–25 0–5 neg (s)
25–1.00 5–25 neg neg–neg 1–10 neg 25–neg
0–25 neg
500–6.00 3–30 0–2 1–15 neg
20–2.00 1–30 no 25–5.00 3–25 no 150–5.00 0–25 no 1.0m–neg 1–10 neg 30–0.50 5–25 no 75–10.00 5–25 no
103 5m–neg 15–30 neg
<100 (m) 26–1.00 – –
100
0.50 + 1.50–6.00 (e) neg Libor + 3.00–5.00 6.50 average negotiable negotiable
0.50 + 1.85-7.00 negotiable
neg neg neg
England, Wales
25 UK neg UK
neg England, Scotland, Wales 21 UK
neg, max 1.50 neg UK 1.00–1.75 25 UK neg, max 1.50 neg UK
BBR/Lib + 1.25–4.50 min 1.00 40 0.50 + 1.00–5.00 0.50 + 2.00–4.00 0.50 + 1.00–3.00 0.50 + neg (i)
0.50–1.50 35 1.00 1.00 neg
revert rate 5.59 4.99 + 0.00–1.50
max 3.50 30 neg
England, Scotland, Wales England, Scotland, Wales
Neg 25
40 Northern Ireland England Wales England
East of England 50 N.England, south/central Scotland
BBR +2.50-5.00 (j) (e) 0.50 – 2.00 neg England and Wales Libor + 1.75-2.50 (e) neg 4.45 + 0.55–2.55 BBR + neg (e)
25 (neg) UK 0.25–1.00 30 RG, OX, HP, SN, SL, SP, SO, GU 1.00 min 50 UK #Gilt + 1.90–2.50 from 0.50 35 UK
Temporary suspension of new lending 1–30 (l) up to 30
67 mths 12.95% flat
50–250k 3mths-30 interest only from base + 7.75 25–250k 10
30–0.90 2–12 neg
from 10.90 (k) (h) (u) 1.00 - 2.00 50 1.00 2.00
65 50
0.50 + 6.00–7.00 (o) 1.00–2.00 no
England, Scotland, Wales England, Scotland, Wales England, Scotland, Wales Scotland
Key:
(n/s) Will consider non-status O Offices R Retail I Industrial Unexpired lease term at start of loan # Equivalent to the yield on long-dated Gilt Edged Securities * Does not lend to industrial units (a) 20 years – Scottish lease, 25 years – English lease (b) 75% considered for prime quality cases (c) Net income to provide minimum interest cover 125% in addition to agreed capital repayments (d) Up to 15 years for commercial property and 25 years for residential property (e) Fixed rates available (f) Term 2 – 25 years residential and 2 –15 years commercial (g) Libor linked and fixed rates also available (h) Discounted rate option (i) Fixed and variable rates are available, also Libor linked funding (j) Minimum rate may apply (k) Min property value £75k (l) Bridging finance 1-12 mths; term loans/mortgages 7-30 yrs. (m) Available with rental income plus additional income with a full incoming and outgoings assessment (n)Dependent on term and quality (0) Interest calculated daily, fixed rate not offered and APR’s not quoted (p) Purchases up to 80%; remortgages and secured loans up to 70% (q) 50 years (30 years for central London) (r) 75% if property less than 12 months old, subject to S106 restriction, or has an unexpired lease term of 70 years on application (s) Capital holidays are available subject to status (t) 75% considered for prime quality cases (u) Bridging finance 1-24 months; term loans and mortgages 7-30 years (v) Maximum £1m on a single property (maximum £3m exposure to a single customer over multiple securities) (w) 120% if interest rate protection in place.
All information © Copyright Business Money Ltd 2010 76 November/December 2010 The information in this table is updated every month. The guide to Business Money tables is on page 74 Business Money Rent
Income Multiplier %
Commercial O R I
loan as % MV
Rent
Income Multiplier %
Amount Band
Min - Max £k - £m
Term Years
Capital Holiday Years
Interest Rates + Margin %
Fee % Lease Years End of Loan
Area Guide
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