TAILORED HOSPITALITY MORTGAGE SERVICE FOR BROKERS

We offer specially designed mortgages for the purchase or remortgage of hospitality businesses.
For all enquiries please contact us on
(01228) 403 141

Hospitality Mortgages

All loans and product fees individually priced - available for purchase or refinance of owner occupied hotels, guest houses or B&Bs

Lending area

Up to 60% LTV available in mainland England, Scotland & Wales plus islands of Anglesey, Arran, Mull, Skye, Harris & Isle of Wight.

Up to 70% LTV available in our operating area only.

Capital overpayments

Capital overpayments of 10% per year allowed during any early repayment charge period.

Loan Size

Minimum loan £75,000

Minimum property value £250,000

Term

Maximum term 25 years (C&I) or 10 years (IO)

Maximum LTV

Maximum 70% LTV for C & I

Maximum 50% LTV for IO

Income criteria

Actual/projected income to provide minimum ICR of 125% and DCR of 100% at pay rate +3%

Background income may be taken into account where minimum ICR/DCR are not met.

Where We Lend

We provide mortgages throughout England, Scotland and Wales. Some of our mortgages are only available on properties in our operating area.

Our operating area is Cumbria (CA and LA postcodes), South-West Scotland (DG and TD9), West Northumberland (NE45-49), North Lancashire (PR, FY, LA AND BB1-3 and BB5-7) and North Yorkshire (HG, YO, BD20, BD23-24, DL6-11, LS21-23 and LS29).

Book a time for us to call you to discuss your needs

Schedule A Call
Your mortgage is secured on your property. Think carefully before securing other debts against your property. Your property may be repossessed if you do not keep up repayments on your mortgage.