We provide established businesses* mortgages for the purpose of purchasing, remortgaging or capital-raising against commercial and semi-commercial trading premises for owner-occupation.
*Established businesses are recognised as business that have a proven profitable track record over a period of three or more years. Full audited or certified accounts for the business are required for the three year period. Where only two years full accounts are available, we may still decide to lend but subject to a higher rate of interest.
Both direct business owner occupier mortgages and leaseback arrangements (with the same ultimate beneficial ownership) can be considered.
YBS Commercial Mortgages lends against the lower of purchase price and the open market vacant possession valuation.
We are able to lend to the following Borrower types:
We consider the following properties suitable for investment purposes:
For more information you can call us on 0333 414 1171.
You can pay off your mortgage early whenever you want, but you will have to pay an early repayment charge if you repay all or part of your mortgage within a specified period. Additional interest will be payable in the event of early redemption of the mortgage. Please contact Commercial Lending on 01733 372 425 to discuss what Early Repayment Charges are applicable to our products.
For a full list of our mortgage charges and a description of when these may apply, you can download our guide to fees and charges here (76 KB) .
It all depends on what your plans are for the flat.
If the residential part is less than 40% of the whole property, then you can take out a commercial mortgage, regardless of what you intend to do with the flat.
If the flat is more than 40% of the total area and you are intending to let the flat out on an Assured Shorthold Tenancy, you can still have a commercial mortgage.
On the other hand, if the flat is more than 40% of the total area and you or your immediate family plan to live in the flat, you may need to consider a residential mortgage which is regulated by the Financial Conduct Authority (FCA). In which case, unfortunately, we would be unable to help you.
Call our dedicated commercial mortgages team on 0333 414 1171.
YBS Commercial Mortgages
Peterborough Business Park
This is not a comprehensive list of requirements and as such depending on the type of business borrowing you may be exempt from certain requests or be required to provide additional information.
Commercial mortgages offered by YBS Commercial Mortgages are not regulated by the Financial Conduct Authority.
YBS Commercial Mortgages is a trading name of Yorkshire Building Society. Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Yorkshire Building Society is entered in the Financial Services Register and its registration number is 106085. Head Office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.
References to 'YBS Group' or 'Yorkshire Group' refer to Yorkshire Building Society, the trading names under which it operates (Chelsea Building Society, the Chelsea, Norwich & Peterborough Building Society, N&P and Egg) and its subsidiary companies.
This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.
*Calls to 0800 numbers are free of charge from a landline or mobile. Calls to 03 numbers are charged at the same standard network rate as 01 or 02 landline numbers, even when calling from a mobile.
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