What defines a regulated commercial mortgage contract?
1.The lender is providing credit to an individual or trustee
2. The borrower’s obligation to repay the loan is secured by a first legal charge on land in the UK (other than timeshare accommodation)
3. At least 40% of that land is used, or is intended to be used as or in connection with, a dwelling by the borrower or by a related person – including BTL's
If your application falls within all three categories above then please contact 0800 849 1352 in order to obtain a KFI.