Commercial mortgage

Key features

• Choice of bank rate linked or fixed rate*.
• Borrow up to 70% of the value of the property.
• Capital repayment holidays available.

Apply now

 Online

 By phone

Speak to your relationship manager or call us on 0800 022 4378 (open 8am to 8pm Monday to Friday and 9am to 1pm Saturday) to discuss your application.

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 lending is subject to a satisfactory credit assessment 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 now and in the future to avoid the possibility of legal action.

*There is always a possibility that interest rates may go down leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same rate.

**A break cost may be applied on fixed rate loans, on any early or partial/full repayment of the loan.  This could be substantial depending on the interest rate at the time.

Features and benefits

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 years (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.
• If you wish to borrow on other terms we may still be able to help you.

More information about commercial mortgages

If you would like more information before you apply either call 0800 022 4378 (open 8am to 8pm Monday to Friday and 9am to 1pm Saturday) or complete our request for further information form.

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 lending is subject to a satisfactory credit assessment 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 now and in the future to avoid the possibility of legal action.

*There is always a possibility that interest rates may go down leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same rate.

**A break cost may be applied on fixed rate loans, on any early or partial/full repayment of the loan.  This could be substantial depending on the interest rate at the time.

More information

Details of conditions, charges and interest rates.

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.

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 lending is subject to a satisfactory credit assessment 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 now and in the future to avoid the possibility of legal action.

How to apply

To apply online for a commercial mortgage from Lloyds TSB you will need to confirm the following:

• you are a sole trader, partner, or director
• you are aged 18 or over
• you require the finance for business use.

Before you apply

Before you apply you will need to have the following information available:

• how much you would like to borrow
• the purpose of the finance
• how many months you would like to make the repayments over.

Please view our finance application checklist.

 Online

Your online application will take about ten minutes to complete, once we have received it we will contact you to discuss your application with you in more detail.

 By phone

Speak to your relationship manager or call us on 0800 022 4378 (open 8am to 8pm Monday to Friday and 9am to 1pm Saturday) to discuss your application.

Request further information

If you would like more information before you apply either call 0800 022 4378 (open 8am to 8pm Monday to Friday and 9am to 1pm Saturday) or complete our request for further information form.

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 lending is subject to a satisfactory credit assessment 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 now and in the future to avoid the possibility of legal action.