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HSBC Commercial Mortgage Review
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HSBC
Commercial Mortgages
HSBC Commercial Mortgage Brokers
An
HSBC Commercial Mortgage is a simple, cost effective way of
raising finance to purchase business premises and can be tailored
to suit your individual business needs.
The
key features of an HSBC Commercial Mortgage are as follows:
- The
minimum borrowing amount is £15,001 (the minimum borrowing
amount for fixed rate loans is £25,001), there is
no maximum. If you borrow £50,000 or more, HSBC can
arrange a base rate cap to help protect you against future
base rate fluctuations
- The
minimum loan period is five years and the maximum twenty
(ten years for fixed rate loans)
- Variable
rate interest is calculated as a percentage over Bank Base
Rate
- LIBOR
linked interest rates are available for loans over £100,000.
Fixed interest rate loans can be agreed by negotiation
- Interest
is applied monthly with an optional capital repayment holiday
of up to 2 years for loans over £25,000
- Repayments
are fixed and agreed at the outset and are made by standing
order from a current account. Repayments are normally made
each month, however, alternative arrangements may be possible
for borrowing amounts over £250,000
- Pension-linked
loans are also available
Is
it for me?
An HSBC Commercial Mortgage is suitable for any creditworthy
business that meets their policy requirement wishing to finance
the purchase of business premises. Up to 75% of the property
purchase price or valuation can be advanced. The property
to be mortgaged must be owned by the business owner, and used
solely for its primary business purpose.
For
further information on an HSBC Commercial Mortgage visit the
HSBC website.
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