Wesleyan Bank unveils commercial mortgage for ‘professionals’

Ryan Bembridge

March 27, 2017

Wesleyan Bank has launched a commercial mortgage for professionals including doctors, dentists, vets as well as solicitors, accountants, surveyors and architects.

The mortgage has a rate of 3.5% over base rate to 80% loan-to-value and with a minimum arrangement fee of 1% of the loan amount.

The mortgage loan amount must be between £100,000 and £5m over a term from 10 to 25 years.

Steve Deutsch, chief executive of Wesleyan Bank, said: “We are always looking to bring to market new products and services which are tailored to the specific requirements of our customers.

“Our commercial mortgage proposition meets the needs of those who specifically want to invest in the property from which their business is run.

“As well as offering comprehensive account management support, we can also through our sister division provide the relevant life cover, surgery or commercial property owners insurance as well as arrange additional finance for the refurbishment or fit out of the property.

“This one-stop shop approach provides us with a distinct competitive advantage when it comes to dealing with professional people who are often time poor.”

Wesleyan Bank is the only endorsed finance provider to the Law Society of England and Wales and a Strategic Partner of the Law Society of Scotland.

It is also a finance partner to the Institute of Chartered Accountants in England and Wales’ members.

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