Lancashire Mortgage Corporation, specialists in commercial lending and development finance, has launched a new range of products.
The products include commercial loans and mortgages with an interest free payment holiday for three months and fixed interest rates in addition to interest only for the full term (up to 30 years) and a 2% discount.
The new fixed rates are available on all CCA regulated and unregulated commercial mortgages and loans.
Gary Bailey, director of Lancashire Mortgage Corporation, says: We are delighted about our latest products and the benefits that they offer to our brokers.
We feel that with the new fixed rate offering and interest free option Lancashire Mortgage Corporation has created a range of lending options for all situations and they satisfy a need in the commercial mortgage market that other lenders do not cater for.
The enhanced development finance and bridging options will mean our brokers will be able to complete even more cases in these increasing markets.