commercial mortgages
|
Our commercial department has many years of experience in lending to commercial property investors and small businesses in County Durham, the Tees Valley and North Yorkshire.
| If you are considering purchasing a commercial property in the region, please contact our specialist Commercial Department by emailing commercial@darlington.co.uk or telephone 01325 366366 for more information on how we can help you. |
Our maximum lending will be based on between 65% and 80% of the lower purchase/valuation price depending on the nature of the property. For commercial investment property, rental income should cover mortgage interest in the ratio of 4:3.
|
|
|
Some of the properties which we will consider lending on are;
- Shop with owner’s living accommodation - 70%
- Café or restaurant with owner’s living accommodation - 70%
- Post Office with owner’s living accommodation - 70%
- Professional office - 80%
- Residential or commercial investment property - 75%
- Private hotel (up to 20 bedrooms) - 70%
- Guest house with owner’s living accommodation - 75%
- Housing Association developments or individual properties - 75%
- Private care residential and nursing homes - 75%
- Farms (which are not subject to agricultural holding legislation) - 65%
|
This is not an exhaustive list. We have a flexible approach to lending and our Commercial Manager will assess all applications on an individual basis. Please telephone us on 01325 366366 for an informal discussion.
