Business Banking - Flexible Commercial Mortgage




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Flexible Commercial Mortgage

If you want to do something different with your business premises, this could be the mortgage for you. You could buy a new building or release cash locked up in your existing one.

Key benefits
•	A Commercial Mortgage is flexible – you could use it for a range of purposes, from purchasing your premises to releasing the equity locked in your property for business uses
•	You could free up your cashflow by taking advantage of an initial repayment holiday of up to 3 years. Interest will continue to be charged throughout the repayment holiday
•	To cover against death and/or critical illness, you can take out optional cover through Barclays Financial Planning.
Key features
•	Any repayment period from 1 to 25 years
•	Up to 90 per cent of the valuation or property purchase price
•	Optional repayment holiday of up to 12 months during the mortgage (during this time interest will be charged to your current account)
•	Choice of fixed or variable interest rates, with the option to change during the mortgage term¹
•	Lending fees and associated borrowing costs will be applicable.

It’s not a condition of the loan that you hold a current account with us.

Terms and Conditions

The maximum amount of loan is 90 per cent of the market value of the property, and is subject to normal credit checks. There are some limitations for certain industries.

You must own and occupy the property that you’re offering as security.
A legal charge over your property will be required.

¹If you repay all or part of the loan before the expiry of the fixed term, you may incur early repayment charges. There is no fee to switch to fixed or variable.

Get in touch

Talk to a Local Business Manager now.

Call 0845 605 2345**

Call charges and information.

		Moving to Barclays
		It's easy. Our team will handle all the paperwork for you, just get in touch and we'll move your business banking to Barclays.
		Request a guide.

Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage.

	**Lines are open Monday to Friday, 8am to 7pm. To maintain a quality service, we may monitor or record phone calls. Call charges and information. "The Woolwich” and “Woolwich” are trade marks of Barclays Bank PLC.

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Business insurance
We offer easy and affordable business insurance for a variety of business requirements, and can tailor make a policy just for you, so you get just what you need.

Business loans
We’ve got a great flexible business loan for general business needs, with repayments to suit your business needs.

Business current accounts
For all the day-in, day-out stuff like making and receiving payments, you can rely on your business current account for a flexible and secure service.

Business overdrafts
Many businesses need them, so many businesses have them. When your cash levels dip a little low, a business overdraft could help you through until the cash comes in again (subject to application and status).

Online business banking
Manage your day-to-day banking from your PC day or night: check your balance, apply for a loan or overdraft, pay bills and suppliers, and move money between accounts.