We’re pleased to share we are launching some Ltd Edition Commercial and Semi Commercial, today 8th may.
It’s very likely these rates will only be available for a very limited time only, therefore if you have any cases to submit,please do asap.
The Key Highlights are as follows
- Semi Commercial rates from 5.59% with a 3% Arrangement Fee (Minimum Loan – £100,000)
- Commercial rates from 7.04% with a 3% Arrangement Fee (Minimum Loan – £100,000)
Please also remember we recently introduced a range of enhancements aimed at providing greater flexibility and helping you place more cases with confidence. Here’s an overview of what we have changed recently.
Up to 75% LTV on market value
- We now lend up to 75% of market value (rather than defaulting to the lower of market value or vacant possession), enabling larger loan sizes on income-producing assets, subject to key criteria.
More competitive semi-commercial pricing
- Properties with over 50% residential use (previously 55%) are now eligible.
Greater flexibility on lease requirements
- No minimum lease period where income can be evidenced
- Removal of the 60-month remaining lease term requirement at expiry
Improved acceptance criteria
- Cases considered where rental income supports vacant units
- Non-structural property improvements are now welcomed
- Supporting new landlords
- We’ve removed the requirement for two years’ sector experience, making funding more accessible for new entrants.
Please do reach out should you have any questions.
Mo Parmar
Specialist Finance Account Manager
E: Mohinder.Parmar@osb.co.uk M: 07810 720656
Broker Liaison Team: 0345 8787000