Bridging the gap : our mid-term commercial product
We introduced our mid-term commercial product at the end of last year, and the response we received during Q1 exceeded our expectations. Many of our brokers are certainly recognising it's advantages - so, what is it that makes it such an attractive option in this shifting mortgage sector?
The current landscape of the mortgage sector
The landscape of the mortgage sector has undergone fundamental transformations since the base rate climbed to 4%. As a result, many commercial property owners no longer meet the lending criteria of high street banks, leaving them with two unattractive options - selling their property or committing to a five-year, costly, fixed agreement with heavy Early Repayment Charges.
A product that fits perfectly.
Our mid-term commercial product is perfect for those looking to refinance in the current climate - giving borrowers the flexibility to refinance within 3 years with an incredibly adaptable approach to ERCs. It provides three years of flexibility, so our borrowers can take advantage of any softening in the base rate or a notable improvement in their property's income.
Please find out more below on what we're offering.
What we will consider
Key Contacts
Richard King | North of England, Midlands and Wales:
Jamie Russell | London and S. England:
Chris Pallis | Scotland & N.E England:
Shane Donnelly | Northern Ireland: