Owner-occupied mortgages

Got a client who wants to finance the space where their business thrives? We’re here to make it happen.

Key highlights

Loans from £250,000 to £3 million
Loan to value up to 75%
Fixed rates
Loan terms from 5 to 25 years
Capital and interest and interest only.

Owner-Occupied mortgage rates

Owner-Occupied mortgage criteria

Lending criteria

Type of borrower

Limited companies.
Limited liability partnerships (LLP).
Partnerships.

Eligibility

Company registered in England and Wales.
All the shareholders and directors must be UK residents.
The company does not need to have a business account with us.

Capital raising purposes

Business use only.

Affordability

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) to provide 125% Debt Service Cover Ratio (DSCR) at 6% or pay rate plus 0%.

Maximum loan per block or property

Variable rate: £5 million.
Fixed rate: £3 million.

Maximum committed term

Up to £2 million: 25 years.
Over £2 million: 10 years.

Interest only

Up to 50% for part and part.
1 year term.

Asset criteria

Type of property

Offices.
Retail units.
Industrial buildings.
Warehouses.

Minimum value per property or unit

£135,000.

EPC rating

A to C (or D/E with plan to get to C).

Legal charge

A first legal charge is required.

Personal guarantee

£175,000 or 10% - whichever is higher, from one or more directors.

Valuation

To be completed by a YBS panel valuer and lending based on the lower of:
purchase price
open market vacant possession.

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