1-844-359-6413 . 6pm, Saturday 9am to 2pm (excluding UK public holidays). Online Mortgage Advisor, Bezant House, Bradgate Park View, Chellaston, Derby, United Kingdom, DE73 5UH, Think carefully before securing other debts against your home. Terms and conditions apply.Return to reference, The approval of your application depends on your financial circumstances and borrowing history, so do the terms you may be offered. These materials are intended to provide general information to the reader and each commercial loan is reviewed and underwritten on an individual basis. If you have difficulty accessing content, have difficulty viewing a file on the website, or notice any accessibility problems, please contact us to specify the nature of the accessibility issue and the assistive technology you use. What’s the address, the opening hours and phone number of my Barclays branch? We know how to help. Call, email or request an online quote. The fact is that there are instances where an interest-only loan can be a great fit for your business or investment needs. However, with the current outbreak of … Each lender uses their own eligibility criteria when assessing a mortgage application. Request a Quote | Contact Us | Home. At Online Mortgage Advisor we can offer you a first-class service tailored to your own specific needs with access to the most experienced brokers available that: If you have questions and want to speak to an expert for the right advice, call Online Mortgage Advisor today on 0808 189 2301 or make an enquiry. Yes, that’s certainly a possibility. Filed Under: Commercial Mortgage Insight Blog. These terms will be discussed with you before you take out the loan. In this article we will look at some of the key benefits and drawbacks of using this type of mortgage for your business funding requirements. We’ll need to see certain identification documents and financial statements when you apply. A commercial mortgage that gives you greater flexibility. The lender will need to be confident that your repayment vehicle is viable and guaranteed to provide you with an exit at the end of the term. ****An arrangement fee will apply and is related to the amount you choose to borrow. A commercial mortgage that gives you greater flexibility. Most lenders require a deposit of between 30%-50% for interest only commercial mortgages depending upon the level of risk they deem to be taking. **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. Your Business Banking Call Centre is available from 8am to 6pm Monday to Friday and 9am to 2pm Saturday (excluding UK public holidays). During the startup period, borrowers can focus on expansion and productivity while worrying less about paying bills. If you chose this option, you would make only interest payments for the first 5 years of the loan’s term. A commercial mortgage can be arranged on both an interest only and capital and repayment basis. It's your choice. The Financial Conduct Authority does not regulate some forms of buy to let mortgage. ***A break cost may be applied to any fixed rate loan over £25,000, on any early or partial/full repayment of the loan. If you’d like this in another format such as large print, Braille or audio please ask in branch. Give us a call 1-844-359-6413: Contact … Some lenders may consider a lower deposit if a business can offer appropriate security, however, a lower deposit may mean a higher interest rate. Over 18s only. © 2020 Online Mortgage Advisor. Choose a Barclaycard to suit your business – credit cards for flexible borrowing or charge cards if you pay the balance off each month6. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority.