Loans from £250,000
funding limits
Competitive fixed interest rate
discussed upon application
1 to 5 years
terms available, with a potential 20 year repayment profile.
Why apply for a Fixed Rate Loan?
- Finance property purchases or to fund the growth of your business
- Fixed Rate terms available between 1 and 5 years with a potential 20 year repayment profile
- Interest only options available, details discussed at application
- A fixed rate loan can protect a borrower against increases in interest rates and provide certainty around interest payments on a loan
Find out how to apply for a Fixed Rate Loan.
Check eligibility for you and key individuals
- 18 or over
- A UK resident with a business or charity address in the UK
- Authorised to borrow on behalf of the business or charity
- A Co-operative Bank business account holder
Loan repayments must be made from your Co-operative Bank business current account.
The fixed rate loan is available for business use only.
| Interest, fees and loan to value |
|---|
| Interest | Charged monthly or quarterly. The fixed interest rate does not change during the fixed rate period. This means your repayments will stay the same during this time. |
| Break and amendment costs | Break or amendment costs may apply if you repay part of or all of your fixed rate loan before the end of the agreed term, or if the terms of your fixed rate loan are amended before the end of the fixed term. |
| Arrangement fees | Discussed upon application. |
| Security fees | Discussed on application. Lending is typically offered on a secured basis. Please note that there will be additional fees when security is required. Fees will be discussed throughout the application process and will depend on your individual circumstances. Security fees are the costs you’ll need to cover so that the Bank can secure the lending. For example, the cost of registering a Legal Charge over a business property. |
| Max. loan to value | We can offer 70% of the market value in funding depending on the sector. For vacant possession properties, we can offer a maximum 80% of the value. Loan to value (LTV) is the ratio of bank funding to the value of the asset over which the Bank will be granted security. |
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Please note: All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on your business and key individuals (including directors and shareholders).
Any property given as security, which may include your home, may be repossessed if you do not keep up repayments on your loan or other debts secured on the property.
You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
For loan applications under £250,000
Currently, fixed rate loans of £249,999 or under are not available.
For loan applications of £250,000 and over
If you would like to apply for a loan of £250,000 or more, up to a maximum of £10m, please get in touch with one of our Relationship Managers. They will discuss your lending requirements with you and tell you what information you’ll need to send us.
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