Non-bank lender Mortgage House has expanded its commercial finance offering with the announcement of the new Mortgage House Commercial Product, effective Monday July 1, 2013.
In addition to the Advantage Home Loan range, Mortgage House customers requiring commercial finance can now receive what Mortgage House is calling ‘the best fixed or variable rate commercial loan’ for property purchase, refinance and debt consolidation.
The offering entails no on-going fees, no annual reviews and no revaluation requirements at rates from 6.99% p.a. and loan terms up to 20 years, with interest-only options of up to five years.
Mortgage House Managing Director, Sarah Roberts, says the lender is ‘delighted’ to announce the commercial product range.
“Customers looking to purchase property or refinance their existing business loan can now do so at the low variable rate of 6.99% p.a. with free internet and phone banking and redraw facilities. Customers are also able to make additional payments at any time during the 20-year loan term.”