Lowry Capital expands commercial lending
Lowry Capital has today announced it is now lending up to 60% of the Open Market Value on commercial properties throughout England, Scotland and Wales.
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The new criteria is applicable on a range of commercial properties, including: offices, retail units, commercial with residential above, industrial/warehouse, farms, holiday lets, HMOs, and commercial conversions.
The lender also announced that it would be offering enhanced commission on bridging loans for commercial properties for a limited time only - all loans above £100,000 will pay an enhanced proc fee of 1.5%.
Richard Basso, Lowry Capital, said:
“Lowry Capital have been lending on commercial property throughout England, Scotland and Wales for many years. The change in criteria reflects our increased confidence in the commercial property market and our desire to expand our commercial lending division.”
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