Semi-Commercial Term Lending
Case Overview
An existing developer client of ours, who we procured development finance for a semi-commercial scheme in South West London, asked us to arrange a long term commercial mortgage so as to repay the development lender.
The hurdle that needed to be overcome was that the client wanted 70% loan to value, so as to redeploy some capital, however the debt service cover ratio (affordability calculation) didn’t support this level of gearing based on published rates/pricing.
Facility provided: We secured a lower bespoke pricing from a Challenger Bank on a 5yr fixed rate, so that the affordability calculation was improved and could subsequently support the level of debt/gearing sought. Pricing offered at 4.55% per annum which was fixed for 5 years on an interest only basis and subject to a 2% lender facility fee.
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Montpelier Private Finance has full market access meaning that we are able to procure funding for a wide variety of funding requirements including complex cases. Get in touch if you have a case you wish to discuss.
Commercial Mortgages Funding Solutions
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HMO mortgages (both small (<6 people) & large with no maximum
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Multi Unit Block mortgages
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Buy-To-Let mortgages
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Semi-Commercial and Commercial mortgages
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Commercial Owner Occupied mortgages
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Portfolio mortgages
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Interest only available up to 85% LTV for residential investment assets
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Interest only available up to 75% LTV for semi-commercial and commercial assets
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100% LTV available with additional assets
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No maximum loan
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Personal, company, trust, offshore, domicile and non-domicile options available