£9.6million Commercial Remortgage

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Tuesday January 20, 2015

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Case profile

Our client required a remortgage in order to repay an existing facility, for which his current lender refused to offer new terms. The remortgage was for a portfolio of several commercial ventures held in two separate limited companies, which had a combined open market value of £26m. The challenge for this case was that one of the limited companies was making a loss, meaning that commercial lenders did not want to offer lending terms to both companies.


Having reviewed the client’s circumstances, it came to light that the cause of the losses was due to the acquisition of a new commercial venture that required refurbishment work. The new property would ultimately become profitable once the refurbishment works had been completed, and became fully occupied. By explaining this and providing relevant cash flow modelling projections to the bank, they became comfortable with regards to serviceability of the loan. The client was also very pleased with the competitive new lending terms that we had managed to secure for him.

Case highlights

Loan amount:£9.6m million (37% LTV on property value of £26 million)
Rate:2.45% + Bank of England Base Rate (currently 0.5%), current pay rate 2.95%
APR:Overall cost for comparison 2.95% APR representative variable
Term:15 years
Loan purpose:Remortgage
Lender’s arrangement fee:1.75% of loan amount (paid upfront)
Early repayment charges:1% of amount repaid for the term

Overall cost for comparison 2.95% APR representative variable based on 15 years at 2.95%. The actual rate available will depend on your circumstances. Ask for a personalised illustration.


This case study is for information and illustration purposes only. It is not an offer, or suggestion of an offer. Each mortgage case is assessed on an individual basis and there is no guarantee that the solution described here can be repeated in the future.

Please note that this specific product may not be available to – or suitable for – all customers, dependent on their individual circumstances. The rate quoted may become out of date at short notice and may not be available at the point at which customers enquire about it. This document may not contain all the information needed for customers to make a decision and they should seek independent mortgage advice.

largemortgageloans.com is a trading name of largemortgageloans.com Limited, which is authorised and regulated by the Financial Conduct Authority. A typical fee of 1.17% of the mortgage amount is payable. Of this, 20% is payable on application and the balance of 80% on completion. For example on a mortgage application of £9,600,000 the fee would be £112,320 in total. Of this, £22,464 (20%) would be payable on application (this fee is non-refundable) and the balance of £89,856 (80%) on completion.

The Financial Conduct Authority does not regulate some aspects of commercial mortgages, secured loans and bridging finance.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home.  

largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: www.fca.org.uk. The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending. Largemortgageloans.com Ltd is a licensed credit broker, and not a lender.

Largemortgageloans.com Ltd Registered in England and Wales No: 5070990 Registered Address: As above. The guidance and advice contained within the website are subject to the UK regulatory regime and is primarily targeted at UK customers. Calls may be recorded for training and monitoring.

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Largemortgageloans is a trading name of Largemortgageloans.com Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London