Dudley
Building Society Commercial Mortgages
Dudley Building Society Commercial Mortgage
Brokers
Dudley
Building Society offer commercial mortgages across a broad
sector range, including care homes, hotels, restaurants and
the licensed trade. You will need a deposit of at least 34%
of the value of the business premises you want to purchase.
Normally you will be charged an interest rate slightly above
the standard variable rate charged for residential mortgages.
You are advised to contact the Chief Executive of Dudley Building
Society to discuss your individual requirements.
INITIAL
RATE:
Varies depending on individual case
MIN
DEPOSIT:
34% Purchase Price or Valuation, whichever is lower (Max 66%
LTV)
EARLY
REPAYMENT PENALTY:
A penalty equal to 3 months interest at the standard variable
rate applicable to the Dudley Building Society loan will be
charged if the mortgage is repaid in full or in part within
5 years from the date of advance. Thereafter an administration
charge of fourteen days interest at the standard variable
rate applicable to the loan will be charged.
OTHER
FEATURES:
Dudley Building Society LOYALTY BONUS
Existing Members who hold a savings account with a minimum
£500 balance for at least six months or existing borrowers
will receive a refund of a standard valuation fee on completion
of the mortgage.
For
further information on a Dudley Building Society Commercial
Mortgage visit the Dudley Building Society website.
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