Fixed rate loans
Easier budgeting with known future costs
Our commercial fixed rate loans help you plan for the future with interest payments that won't change over the term of your loan, up to ten years.
Key features and benefits:
- Fixed rate – for 1-10 years, variable thereafter
- £26,000 minimum loan – and no maximum
- 25 year maximum term – to give you maximum flexibility. Possibility to refinance at another fixed rate after the first 10 years.
- Flexible repayment terms – including interest only with capital repayments at end of term or capital repayment holidays
- Staged drawdown – take the loan in stages when you need it – up to four drawdowns over 12 months.
Early repayment
There may be a substantial charge to pay if you choose to repay a fixed rate loan before the end of the agreed term. We recommend that you seek legal advice before entering into such an agreement.
Capital repayment holidays
If you take a capital repayment holiday interest will continue to accrue during the payment holiday and your monthly payments may increase afterwards.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Product fees may apply. Your relationship manager will be able to advise you of fee information.