Arrangement fees and security charges will apply. We will require a first legal charge over property as security. This means if you are re-mortgaging an existing property, any loan secured on it must be repaid before completion.
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.
