
Commercial Mortgages
If you’re looking to buy property for your business, a commercial mortgage could help you finance it.
A commercial mortgage allows you to spread the cost of moving to new business premises or expanding to multiple locations. As a loan secured against company property, it could be more cost-effective than a business loan*.
You can also re-mortgage a commercial property with us to release cash for your business or save money on an existing loan.
Enquire about a commercial mortgage
Why choose a commercial mortgage?
Are you eligible?
- For new and existing customers.
- The property you want to mortgage must be for business use.
- You’ll need to be a sole trader, partner or director with authority to borrow on behalf of your business.
- You’ll need to be aged 18 or over.

What we’ll need to know
Keep in mind
- Your commercial mortgage will be secured against the property you are mortgaging.
- Your business will be charged an arrangement fee and may be charged security and valuation fees.
- For interest only mortgages, the actual amount borrowed doesn’t reduce during the life of the mortgage. You’ll need to repay the full capital amount at the end of the mortgage term.
- If you repay part, or all, of your fixed rate mortgage before the end of the agreed term then you may need to pay an early repayment fee. This could be substantial. This fee does not apply to bank-rate linked loans.
- We will require a first legal charge over the property being proposed as security. This means if you’re re-mortgaging an existing property, you must repay any loan secured on it at completion.

FAQs
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A commercial mortgage, also known as a business mortgage, is a loan that can only be used to fund a commercial property for business use. A residential mortgage is a loan that is used to fund a residential property, usually your home.
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This will depend on your circumstances, but we can lend up to 70% of the property value.
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Yes, we can help you find the right commercial mortgage and guide you through the application process.
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Yes, you can apply for a commercial mortgage to purchase rental properties for your business.
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No, you don’t need to have a Lloyds Bank Business Current Account to apply for a commercial mortgage with us.
ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.
All lending is subject to status. Security may be required.
*Arrangement fees, security fees and valuation fees may apply when you take a commercial mortgage so you’ll need to take these into consideration when comparing it against a business loan.
All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.
You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
There is always a possibility that interest rates may go down leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same rate.

Important Legal Information
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.
Authorisation can be checked on the Financial Services Register at www.fca.org.uk under the Firm Registration Number 119278.