Commercial Building interest RatesInterest on commercial buildings
Is it possible to loan 100% of the total amount?
Up to 75% of the value of the real estate is lent. It' a good idea to check with your existing creditor to see if there are any early repayments fees on your existing mortgages. Changing from another mortgages supplier to us is governed by our credit and credit rating requirements. During a 12 week term, N&P can provide you with a value added tax bridge (according to criteria) in order to give you sufficient elapsed lead times to reclaim the value added tax.
A handling charge will be levied for this institution, but no prepayment penalty if disbursed within 12 week. The N&P lends up to a 75% limit of the sale value or rating, whichever is lower. Everything that you plan for the apartment determines what you do.
However, if the apartment is more than 40% of the entire area and you or your immediate relatives are planning to stay in the apartment, you may have to take out a regulated mortgages, in which case we cannot help you. However, if you reimburse all or part of your loan within a certain amount of time, you will usually have to make an early payment penalty.
In case of early repayment of the loan, interest will be added. To view a complete listing of our mortgages and a short explanation of when they may accrue, please click here to access our Fee and Charge Guideline. Details of your commercial and your account statement for the last six month.