Cambridge & Counties Bank Commercial Mortgage User Reviews
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Cambridge & Counties Bank is a partnership between Trinity Hall and Cambridge & Cambridgeshire Local Government Pension Fund. They are based in Leicester but have no branches and attract most customers through brokers and intermediaries. They provide niche banking and financial services including business savings accounts and financial products
Cambridge & Counties Bank Commercial Mortgage Options
Cambridge & Counties Bank offers a range of property finance products that support investors and developers with commercial and residential property purchases and developments.
Commercial and residential property finance
Cambridge & Counties offer property finance products for both commercial properties and residential property, including buy-to-let, ex-pat buy-to-let, holiday lets, and houses of multiple occupancy (HMO). The finance offers:
- Up to £15 million is available with no restriction on property numbers per customer
- Maximum 70% LTV of open market value
- Agreement periods range from 12 months to 25 years
- Repayments can be paid monthly or quarterly
- Finance is secured by a first legal charge
- Suitable for properties in England, Scotland or Wales
- A personal guarantee may be required
Bridging loans
Cambridge & Counties offer bridging loans to help fund a property purchase whilst funding is put in place or whilst it is let. This type of finance includes:
- Up to £2.5 million for both commercial and residential property developments
- The maximum repayment term is 18 months
- Maximum LTV is 60% on commercial and 70% on residential of vacant possession
- Interest roll-up options are available within the maximum LTV criteria
- Finance is secured by a first legal charge
- Suitable for properties in England, Scotland or Wales
- A personal guarantee may be required.
Refurbishment loans
Cambridge & Counties Bank offers refurbishment loans for commercial and residential property developments. The loans offer:
- Up to £2 million of funding
- Period of up to 9 months
- Offers up to 65% LTV based on vacant possession and a maximum 65% LTV of the refurbishment costs, which can’t exceed 70% of the gross development value
- Not available for projects that involve new build works to the property, including extensions and additional floors.
Cambridge & Counties Bank Commercial Mortgage Eligibility
Cambridge & Counties Bank only lend to experienced property investors or developers and individuals must be a UK resident or corporate borrowers must be registered in the UK. Personal guarantees may be required.
Commercial owner-occupier finance is available to businesses that have been trading for over 12 months.
Cambridge & Counties Bank Commercial Mortgage Rates
Cambridge & Counties Bank doesn’t include information about their rates on their website.
Cambridge & Counties Bank Commercial Mortgage Calculator
Cambridge & Counties Bank doesn’t have any commercial property finance calculators.
Cambridge & Counties Bank Commercial Mortgage Reviews
There are very few customer reviews available for Cambridge & Counties Bank but they are predominately positive. Trustpilot only has 1 review, and they rate them as excellent as they are a happy customer. Google Reviews are also positive and comments include providing a personal and friendly service, quick decision making, easy to work with and competitive.
Trustpilot – 3.7/5 (based on 1 review)
Google Reviews – 4.6/5 (based on 10 reviews)
Reviews.co.uk – no reviews
Review Centre – no reviews
Smart Money People – no reviews
How To Apply For A Cambridge & Counties Bank Commercial Mortgage?
You can apply for one of Cambridge & Counties Bank’s commercial property finance products by calling them on 0116 402 9194 or you can send them a message through their website.
Pros
- Offers a wide range of property finance products
- Reviews claim they offer a personalised service
- Has a green accreditation for their low carbon footprint
Cons
- A small and not well-known bank
- Only a small number of reviews are available although positive