Mortgage for a Charity
Posted: February 21st, 2019, 5:12 pm
Moderator Message:
Moved to mortgages board with shadow left on property board.
Moved to mortgages board with shadow left on property board.
Hi
I don't know if this is the right board.
I'm a director / trustee of a charity. We've recently bought and renovated an office space (approx 4,000 sq ft) and moved our various projects under the one roof (and rented out a bit).
We have currently got a voluntary sector "soft mortgage", which is very flexible but the rate is a bit steep. It was useful in the transition period, but we are now looking for something more long-term. We were going to approach the Charity Bank who seem reasonable, but I wondered if there was anywhere else that was charity friendly.
Looking at a £225k mortgage on a £370k property.
Hopefully sub 4% fixed - preferably an offset (I like offsets) / overpayment facility.
I'm new to commercial mortgages, so any help appreciated.