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Capitalrise complete £6.5m development loan for luxury dwelling in Mayfair
Atom bank cuts commercial mortgage rates
Atom bank has announced reductions in its commercial mortgage rates. Variable rates now commence at 2.08% above the base rate for loans with a 45% loan to value. The bank's range also includes loans for trading businesses and property investments with rates varying between 2.54% and 2.89% above the base rate, depending on the loan to value ratio.
Fixed rate commercial mortgages start at 6.20%. Tom Renwick, head of business lending, highlighted Atom bank's commitment to supporting small businesses by adjusting variable rates in response to changing fund costs and inflation trends. The lender aims for efficiency, with an average Agreement in Principle issued in just one working day via its enhanced broker portal.
Source: Atom Bank
Call Trinity Specialist Finance to secure funding for a commercial mortgage on 020 7016 6151 or book a consultation
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