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Business and Commercial loans

Mortgage House offers Commercial Lending for projects/property up to $1.5m. This Commercial Loan suits customers looking for an easy "Set and Forget" loan so they can get on with the business of their business. Enjoy the benefits of not having to prepare and submit financials every year and know that the LVR (Loan to Value Ratio) doesn't need reviewing after your loan has been approved.

Mortgage Options

• Variable Rate: 8.85% to $1.0m (50% max Loan to Value ratio) per security
• Variable Rate: 9.10% to $1.5m (70% max Loan to Value ratio) per security
• Term: 20 years fully amortising Principal and Interest loan OR 5 years interest only loan, auto converting to 15 years Principal and Interest loan
• Principal and Interest mortgage option
• $5m customer limit
• Min Loan: $100,000
• Investment Purposes and Investment Property Only
• Unregulated Loans Only

How to Access Your Funds:

Internet and Telephone Banking

Repayments:

Principal and Interest or Interest Only

Acceptable Security:

• Retail Shops
• Industrial Buildings
• Display Homes
• Studio Apartments
• Commercial Offices
• Warehouses
• Serviced Apartments
• Dual Key

Security:

Registered 1st mortgage only. Non Specialised. Strata or Torrens Title Commercial, Industrial Retail or Residential

Split Loans:

Yes. Up to 3 Free splits.

Loan Application Fee:

From 0.5% plus GST min $1000.00 plus GST

Third Party Security:

Owner(s) will need to provide a guarantee.

Key Customer Benefits

• Free Redraw Facility: Redraw allows you to make additional repayments into your loan account and then access these extra funds, for free, when necessary.
• No Ongoing Loan Fees: No weekly, monthly or annual fees for the life of the loan.
• No Review: We remove the hassles of submitting periodical financials and credit reporting, after your initial approval.
• No Revaluation: This is a 'set and forget' loan, once your Loan to Value ratio has been established there is no need for ongoing revaluations.