Commercial mortgage

Apply for a commercial mortgage online or by telephone

A commercial mortgage from Lloyds TSB is an ideal way of purchasing or remortgaging commercial property.

• Mortgages start from £25,000.
• Choose a loan term of up to 25 years.
• We can lend up to 70% of the value of the property and in some cases we can lend more.
• Bank rate linked and fixed rates are available.
• For a bank rate linked mortgage you can apply for flexible capital repayment holidays of up to two year (to be taken in blocks of three months).
• If you choose a fixed rate, your repayments will remain the same even if bank rate rises or falls.
• If you repay part or all of your fixed rate mortgage before the end of the agreed term there may be an early repayment charge. There is no early repayment charge for bank rate linked loans.
• Optional loan protection that could cover your repayments in the event of sickness, accident or death is available.
• If you wish to borrow on other terms we may still be able to help you.

Tell us about your plans and needs, and we will then agree the interest rate with you. An arrangement fee, security and valuation charges will apply.

For interest only, the actual amount borrowed doesn't reduce during the life of the mortgage so you need to repay the full capital amount at the end of the mortgage term.

If you choose a fixed rate mortgage and close before the end of the agreed term there will be a fee.

All loans are subject to status and we will need your permission to carry out a credit check on you and your business. You should not apply for an amount that you cannot comfortably afford to repay.

We will require a first legal charge over the property as security. This means if you are remortgaging an existing property, any loan secured on it must normally be repaid before completion.

Any property given as security which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it. All loans are subject to status and we will need your permission to carry out a credit check on you and your business. You should not apply for an amount that you cannot comfortably afford to repay.