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Wesleyan Bank launches Commercial Mortgage product for professions customers

Wesleyan Bank launches Commercial Mortgage product for professions customers

Wesleyan Bank to offer loan-to-valuation up to 80% of property value

Wesleyan Bank, a leading provider of specialist finance solutions, has launched a Commercial Mortgage product to further extend its range of long-term loans to its professions customers.

The new offering builds on an established portfolio of products for the professions market which includes both partner equity and practice acquisition loans

Wesleyan Bank will offer loans of up to 80% of the property's value for owner-occupied trading premises with loan amounts from £100,000 to £5m over a term of 10 to 25 years. Facilities for refinance opportunities can also be provided, subject to meeting the stated terms and conditions.

Steve Deutsch, Chief Executive of Wesleyan Bank, says, "We are always looking to bring to market new products and services which are tailored to the specific requirements of our customers. Our Commercial Mortgage proposition meets the needs of those who specifically want to invest in the property from which their business is run.

"As well as offering comprehensive account management support, we can also through our sister division provide the relevant life cover, surgery or commercial property owners insurance as well as arrange additional finance for the refurbishment or fit out of the property. This one-stop shop approach provides us with a distinct competitive advantage when it comes to dealing with professional people who are often time poor."

Wesleyan Bank is the only endorsed finance provider to the Law Society of England and Wales and a Strategic Partner of the Law Society of Scotland. It is also a finance partner to the Institute of Chartered Accountants in England and Wales' (ICAEW) members.

The company's Commercial Mortgage product is available to all medical professions including doctors, dentists and vets as well as 'paper' professions, such as solicitors, accountants, surveyors and architects.

Deutsch adds, "As a specialist provider of products to professional organisations, we understand the pressures and growth challenges they face today. Wesleyan Bank's flexible and bespoke solutions cover every aspect of financial support under one roof to ensure that purchasing a commercial property is a smooth and seamless process, from beginning to end.

Wesleyan Bank was named 'Top Professions Provider' at the Leasing World awards in 2016.

'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

Click for more information about the Wesleyan group of companies.

© 2021 Wesleyan Assurance Society