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Santander is offering a range of commercial mortgages and loans to trading businesses.

Commercial finance is available through lots of the larger banks, but Santander has flexible terms and the lender's rates are competitively priced.

Santander provides finance for a range of businesses and for different purposes. For example, companies can borrow to purchase office space or hotels, buy farms or nursing homes, and purchase professional practices including dental surgeries and doctor surgeries.

Aaron Strutt, product director at Trinity Financial, says: "Our brokers are speaking to more business owners who want to refinance on to cheaper loans or borrow to fund refurbishment works.

"Santander can lend to clients for property purchases when there is a short lease or to buy the premises they work from."

Santander’s real estate team

Santander’s real estate team typically arranges finance over £2.5 million up to £40 million and the price is between 2.25 to 2.75 over LIBOR, which is currently 0.8%.

The real estate team can provide larger loans for the big-ticket transactions with other lenders. It is not uncommon for commercial lenders to take on part of the debt for larger transactions with a selection of other providers.

Call Trinity Financial to secure a commercial mortgage on 020 7016 0790

FAQs

Which lenders offer the cheapest commercial mortgage rates?

Many of the largest banks tend to have the cheapest commercial mortgages.

Barclays has some great rates as well as HSBC, NatWest and Lloyds Bank.

How many lenders offering commercial mortgages?

There is a long list of banks and building societies providing commercial mortgages including:

HSBC

NatWest

RBS

Together

Assetz Capital

Bank of Scotland

Barclays

Lloyds Bank

Eastern Credit Ltd

W M Mann & Co

Nucleus Commercial Finance Limited

Clydesdale Bank

Cynergy Bank

Hodge Bank

Shawbrook Bank

YBS Commercial Mortgages

Gatehouse Bank

Aldermore

Interbay Commercial

Close Brothers

Bank of China UK

Does Lloyds Bank offer commercial mortgages?

Lloyds Bank offers commercial mortgages between £50,000 and £12 million across all sectors and above £12 million for trading businesses.

The bank will lend to trading business in almost all sectors considered for term debt and working capital facilities. These sectors include Healthcare – Pharmacy, dentists, doctors and children’s nurseries, etc. Also, Real Estate – Property Investment and development.

Lloyds arranges Invoice Discounting & Factoring plus Asset Finance. The bank also has a private banking facility for high-net-worth individuals.

What will Barclays need to start a commercial mortgage application?

Barclays commercial has some excellent rates on its commercial mortgages and has a strong track record of providing commercial finance to trading businesses.

Trinity Financial helps its clients to secure indicative terms through Barclays in the form of an illustration after an enquiry has been discussed and agreed in principle with our dedicated business development manager. 

Barclays will ask for a range of documents as part of its application process to start an application. Limited company directors will typically need to provide:

  • Statement of Assets and Liabilities form (provided by Barclays).
  • SA302s for the past three years.
  • Barclays Personal Details application form.
  • Three years full financial accounts for the trading business.
  • Up-to-date management accounts.
  • Six months business bank statements if not Barclays banked.
  • Six months personal bank statements if not Barclays banked.

Barclays tends to offer mortgage terms between five and 20 years. The rate is typically around 3% over the base rate, but it also offers five and ten-year fixed rates. Arrangement fees are typically 1.5% of the loan amount and there are low early repayment charges.  

Barclays will require a 1stLegal land charge over the property, debenture over the limited company and a personal guarantee. In addition, the bank will require a valuation of the property conducted by a valuer from its panel of surveyors.

The client would need to appoint their own solicitor to act on both theirs and the banks behalf, for conveyance, local searches and registration of the security.

Which business sectors will Barclays commercial consider providing finance in?

Barclays commercial offers commercial mortgages across a range of sectors including:

  • Chemicals and coatings
  • Leisure and tourism
  • Hospitality
  • Manufacturing
  • Financial services
  • Media
  • Arts and entertainment
  • Professional services 

 

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