Finspace Group

Commercial Mortgage for GP Surgery

A new customer approached us wanting to compare the terms they had received from their existing high street bank.  They were looking to acquire a GP practice from a retiring GP.  Their existing bank had offered terms of 75% LTV at a rate of 5.31% per annum with 1.5% arrangement fee and a 4% ERC.  We arranged the finance at 100% LTV at an interest of 3.66% per annum with no arrangement fee or ERC’s!

Location : Liverpool
Loan Amount : £470,000
LTV : 100%
Year: 2021


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