Commercial mortgage rates

[DSLiverpool]

Buying a commercial property, decided on 50% deposit and have been quoted 4% by my bank - simple question how comptitive is that?

[HoHoHo]

Probably thereabouts but it will vary from bank to client,

6 years ago I got 1% above base and still have that on our main buildings, however recently I was offered 4% above base as a starter which I'm sure I could knock down but didn't see the deal through so can't comment.

[gjf764]

DSLiverpool said:

Buying a commercial property, decided on 50% deposit and have been quoted 4% by my bank - simple question how comptitive is that?

Would be useful to know the amount of loan, fees and term that have also been quoted to make a good comparison.
Is the 4% all in? If not, what is the reference rate? LIBOR or base?

[DSLiverpool]

£200k so a £100k mortgage over 15 years probably Some set up but it's ok, it's the interest rate I'm more concerned with.

I can overpay / settle early