Leicester Commercial Mortgage Scenarios

Associate buying out a retiring principal on Allandale Road, freehold and goodwill in a single facility.

£780K facility at 70% combined LTV

• Typical lender type: high-street bank
• Combined freehold and goodwill facility, 15-year term
• Indicative timeline: eleven weeks from initial enquiry

Area: Stoneygate

Illustrative example, not a completed transaction

Sheet-metal fabricator acquiring an 11,500 sq ft industrial freehold off Braunstone Frith Industrial Estate.

£1.18M facility at 75% LTV

• Typical lender type: high-street bank, 15-year capital-and-interest
• Replaced a leased unit with annualised rent of £92,000
• Personal guarantee negotiated from 30% to 20% of facility

Area: Braunstone

Illustrative example, not a completed transaction

Investor with four converted hosiery warehouses around Halford Street refinancing off three short-dated facilities onto a single five-year portfolio loan.

£2.6M facility at 65% LTV

• Typical lender type: challenger bank, 5-year fix
• Single facility replacing three short-dated commercial loans
• Released c.£140K of equity for the next acquisition

Area: Cultural Quarter

Illustrative example, not a completed transaction

Long-established Belgrave Road jeweller buying the freehold of the premises it has leased for 20 years.

£840K facility at 60% LTV

• Typical lender type: challenger bank, 15-year term
• Released the family from a rolling 5-yearly rent review cycle
• Two clean trading years carried the file at sub-65% LTV

Area: Belgrave Road

Illustrative example, not a completed transaction

Owner-occupier moving a recently completed 12,000 sq ft Meridian office off a development loan onto a long-term commercial mortgage.

£2.1M facility at 65% LTV

• Typical lender type: high-street bank, 15-year capital-and-interest
• Termed out a development facility within six weeks of practical completion
• Locked in cost certainty on a Grade A Meridian floorplate

Area: Meridian

Illustrative example, not a completed transaction

Partnership buying a 3,200 sq ft Georgian townhouse on New Walk for own occupation, replacing a serviced office contract.

£615K facility at 75% LTV

• Typical lender type: high-street bank, 20-year capital-and-interest
• Replaced a serviced office contract with rising annual escalators
• Indicative terms back within 36 hours of the first call

Area: New Walk

Illustrative example, not a completed transaction

Private investor acquiring a four-unit parade on Bell Street Wigston with three flats above.

£910K facility at 70% LTV, gross yield 8.6%

• Typical lender type: specialist lender, 5-year fix
• Gross yield 8.6% across four commercial units and three flats
• Blended residential and commercial valuation

Area: Wigston

Illustrative example, not a completed transaction

Investor with three Frog Island light industrial units refinancing off individual loans onto a single portfolio commercial mortgage.

£1.45M facility at 70% LTV

• Typical lender type: specialist lender, 5-year fix
• Single facility replacing three legacy commercial loans
• Released roughly £85K of equity for the next Waterside acquisition

Area: Waterside

Illustrative example, not a completed transaction

Cafe operator buying the freehold of a Queens Road unit it has leased for six years.

£455K facility at 65% LTV

• Typical lender type: challenger bank, 15-year capital-and-interest
• Refurb capex tranche of £35K held back for first-year fit-out improvements
• Six years of trading record on the same address carried the case

Area: Clarendon Park

Illustrative example, not a completed transaction

Investor adding two mixed-use East Park Road units, each with two flats above, to a six-property portfolio.

£610K facility at 70% LTV

• Typical lender type: specialist lender, 5-year fix
• Two units added to an existing six-property SPV portfolio
• Solid trading evidence on the two commercial tenants carried sub-65% pure-commercial LTV pricing

Area: Highfields

Illustrative example, not a completed transaction