We realise that flexibility is important when it comes to business finances. That's why we offer our Flexible Commercial Mortgage.

It's made up of two parts. The 'flexible' part works like an overdraft. The other part works like a straightforward capital repayment mortgage.

You can borrow up to 30% of the total loan on the flexible part (up to a maximum of £300,000 subject to status and security), and you can reduce the balance of this part whenever you like - therefore paying less in interest.

FLEXIBLE CHOICES

You can choose from either a variable rate or fixed rate to your Flexible Commercial Mortgage. If you choose a variable rate mortgage, the interest rate can be linked to 3 month LIBOR or Bank Base Rate. A fixed rate can only be applied to the main account, the flexible part of the mortgage must be on a variable rate. The limit on the flexible part is reduced each year of the term by the amount by which it would have reduced had it been part of a repayment mortgage.

The maximum length of a Flexible Commercial Mortgage is 25 years. The flexible part can be repaid in full at any time without any penalties or charges.

BY PHONE

  • Call our dedicated Commercial Mortgages team on 01733 372 378.

IN PERSON

  •  Drop into any branch - you'll get all the help you need there.

BY EMAIL

BY POST

  • Write to us at:

Norwich and Peterborough Building Society
Commercial Lending Department
Principal Office
Peterborough Business Park
Lynch Wood
Peterborough
PE2 6WZ

PAPERWORK WE'LL NEED TO SEE

  • A fully completed application form.
  • The last three years' audited or certified accounts of your clients business. (If only two years' accounts are available we will consider their application but they may have to pay a higher rate).
  • Your clients last six months' business and personal bank statements.
  • Details of your clients background and experience.

Download Application form.

THIS AREA IS FOR PROFESSIONAL INTERMEDIARIES ONLY
AND SHOULD NOT BE VIEWED BY POTENTIAL CUSTOMERS