Semi-commercial property mortgages.
- For purchases & remortgages
- Flexible on income & credit status
- On a huge range of property types
Why choose Together?
FlexibleYou're more than a credit score. If the sums show that you can afford the property, we do our best to make it happen.
TrustedWith almost 50 years of lending experience under our belts, you can trust us to get things right for you.
Open-mindedUnlike many, we lend on properties like ex-council properties, high-rise flats and those made of non-standard materials.
SmartReceive updates on your application, upload files & e-sign most documents to open your Together account - all using our secure app.
9.49%Variable rates from 9.49%/month
£250,000Borrow from £50k to £250k
5 to 30 yearsTerms available from 5 to 30 years
Interest-onlyInterest-only repayment options available
65% LTVBorrow up to 65% of the property's value
Like where you work?
We understand that some people never clock off – because their job and their home are intertwined.
So if you’ve thrown yourself headlong into self-employment – and taking everything your own with you – we don’t think that's reason enough to be denied a mortgage.
We can help if you're buying a semi-commercial property as an investment. Our common-sense approach works for a variety of circumstances, including applications from businesses with complex ownership structures or short trading history, and for properties like pubs, shops with living space above, B&Bs and kennels.
Common questions about business mortgages
What is a commercial mortgage?
Commercial mortgages operate much like a personal mortgage, but are mainly used by business owners who are looking to buy commercial property or land for commercial use.
Can I buy a commercial property without a deposit?
With Together, you could borrow 100% of the value of your commercial property if you’ve got enough equity in another building to use as additional security.
Can I get a commercial mortgage on a residential property?
You can get a commercial mortgage on a property where 60% of the space has a commercial use. So if you’re buying a shop with a flat above it, or a B&B you plan to run and live in, you can apply for a semi-commercial mortgage.
Can I get a commercial mortgage on land?
Yes – we can lend on land for a range of commercial purposes, with or without planning permission.
How do you decide my interest rate?
The rate you're offered may be influenced by two factors:
How much you need to borrow as a percentage of your property's value.
Your credit history (but not your credit score).
How long does it take to arrange a commercial mortgage?
It typically takes several weeks to arrange a commercial mortgage. If you can't wait that long, we may discuss alternative options with you, such as a commercial bridging loan. In some circumstances, we can arrange these in a matter of days and they'll last up to 12 months – giving you the time you need to arrange longer-term finance.
What fees will I have to pay?
We charge an Arrangement Fee, and – if you come to us direct – a Processing Fee.
Our Commercial mortgages and loans include an Early Repayment Charge, which you'll pay if you elect to remortgage with another lender or repay your mortgage in full before the term ends.
We also charge a Redemption Administration Fee when you 'redeem' (i.e. full repay) your mortgage, to cover costs associated with closing your account and dispensing our legal claim to your property.
Our fees are typically charges as a percentage of the loan, so can vary. We'll ensure that the fees that apply to your particular mortgage are clearly explained before you sign on the dotted line.
Other fees and charges may be applied to your account during the life of your mortgage, in relation to the management of your account (for instance, if you fall behind on your monthly payments). These are all explained in our Tariff of Charges.
How much can I borrow, and how much deposit or equity will I need?
At most, we can lend you 65% of your commercial property's value. So you will need at least 35% as a deposit, or as equity. The maximum loan-to-value ratio we can offer may be reduced based on the nature of the property, the transaction (i.e. whether you're buying or just remortgaging), and your personal circumstances.
It's important to note that the property in question must be valued at a minimum of £50,000.