Commercial Mortgage Calculator

This commercial mortgage calculator helps you to compare different
rates and mortgage terms.

The instructions below are quite straightforward, but remember to
switch to "mortgage calculator".  Once you have entered the loan
amount and mortgage rate you only need to consider the loan term.

Commercial mortgages can be taken out for anything from 10 years up
to 30 years, you can use the mortgage calculator to consider the
difference 5 years can make to your commercial mortgage.

Commercial mortgage rates

As a general rule you can expect banks and building societies to
charge around 0.5% to 4.0% over bank of England base rate.

Other lenders can charge anything from 1.5% up to 6% over base rate.
Bear in mind that some lenders will base their loans on LIBOR or FHBR.

You can use the commercial mortgage calculator to work out how much
difference the higher rates will make to your commercial mortgage.

Commercial mortgage set up charges

In addition to the mortgage interest there are other charges to
consider when comparing costs.  Don't forget to factor in the set
up (or arrangement fee) and any early redemption charges.  Also
remember to consider the broker charges, 1% of a £300,000 loan is
£3,000!

Commercial lenders will expect you to pay all valuation fees, your
own legal costs and very often the legal costs of the lender.

If your lender is offering the chance to add the set-up fees to your
commercial mortgage you can use the commercial mortgage calculator to
work the difference.  You might be surprised!