If you’re looking to buy property for your business – whether that’s your first premises or an expansion – then a commercial mortgages could be what you need.
Features and benefits
- Mortgages start from £25,001
- 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 even more
- We offer both base-rate and fixed-rate commercial mortgages*
- Security and arrangement fees apply**
- With a base-rate linked mortgages, you can apply for repayment holidays***
Our commercial mortgage process
When applying for a TSB commercial mortgage, we’ll ask you about your plans and needs to find the best product for your needs. We’ll then agree the interest rate, arrangement fee, security, and valuation charges with you.
- If your property is used as security, we need to have first legal charge. This means any loan secured on it must be repaid before completion.
- With interest-only commercial mortgages, the amount borrowed doesn't reduce during the life of the mortgage. You’ll need to repay the full capital amount at the end of the term.
- Repaying part, or all, of your fixed-rate mortgage before the end of the agreed term may incur a break cost.****
- There’s no break cost for base-rate linked commercial mortgages.
What you need to apply for a business overdraft from TSB
Proof that you
Have this information to hand:
Ready to apply?
Further information
Ready to apply?
Call us on 0345 835 3858
We’re here 8am – 6pm Monday to Friday, 9am – 2pm Saturday
Ready to apply?
Or, if you’re calling from abroad, +44 203 284 1576
We’re here 8am – 6pm Monday to Friday, 9am – 2pm Saturday
Important information
*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.
*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.
**An arrangement fee will apply and is related to the amount you choose to borrow. These terms will be discussed with you before you take out the loan. To cover our administration costs for smaller facilities, there will be a minimum scale charge of between £100 and £250 resulting in the overall charge being more than 1.5%
***For a base rate linked mortgage you can apply for flexible capital repayment holidays of up to two years (to be taken in blocks of three months)
****A break cost may be applied to any fixed rate loan over £25,000, on any early or partial/full repayment of the loan. This could be substantial depending on the interest rate at the time.
