In this brief guide, we are going to discuss N&P commercial mortgages and provide some relevant documents if you are looking to submit a case to them.
Who are N&P commercial mortgages?
N&P Commercial Mortgages (Norwich and Peterborough building society) are trading names 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. Principal office of Yorkshire Building Society: Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ
N&P commercial mortgages offer their services to both businesses which are trading and property investors. They are award-winning and have a specialist mortgage team which was set up over 26 years ago to deal with commercial mortgage inquiries from prospective borrowers.
Key features of N&P commercial mortgages
“Offset commercial mortgage – use the balance in your Business Gold Current Account to offset up to 30% of the mortgage.
Flexible commercial mortgage – borrow up to 30% of the mortgage as a flexible facility, which works similar to an overdraft
You can draw or repay when you like.
Commercial investment properties
Lending amounts £75,000 – £10,000,000 maximum per portfolio.
Loan terms from 5 to 25 years.
Fast, efficient and personal service from application through to completion.
LTV typically up to 75%.
VAT bridging facility available for a period of 12 weeks on an interest only basis.
Experienced in Pension Scheme & Self Build lending.
Lending managers visit all customers with loan amounts over £200,000.
Variable rates – 50% of the balance can be repaid annually without charge (early repayment charges will apply to amounts over this).
Fixed rates are also available.
Early repayment charges usually apply to all our commercial products”
N&P commercial mortgages (key documents)
- Buy to Let Application Form
- Buy to Let Fees Guide
- Buy to Let Fixed Rate Guide
- Buy to Let General Tracker Guide
- Commercial Application Form
- Commercial Fees Guide
- Commercial Guide
- Submission Template
If you have any questions about N&P commercial mortgages please let us know.
If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.
You can also contact the debt charity “Step Change” if you are in debt and need help.