Applying for a commercial mortgage with Shostra Bank

If you are ready to apply for a commercial mortgage, or you wish to switch your commercial mortgage with us, enquire online and our team will get in touch to talk through solutions tailored to your business and the property you want to buy.

When you decide on us as your commercial mortgage provider, you will be assigned one of our expert  Relationship Managers who will support you every step of the way in your commercial mortgage application process. They will ensure we understand your goals, needs and objectives as best as we can, in order to help us create a deal that works for you. 

Once you submit the application, you will receive your quotations and your Relationship Manager will collect any further information that is required. Once this is sorted, your Relationship Manager will pass this onto our credit team for review.

After the credit team reviews your documentation, your Relationship Manager will contact you to discuss the application outcome, terms and condition, as well as any next steps that need to be taken if applicable.

Once all of the documentation has been returned and any conditions are satisfied, your Relationship Manager will confirm that funds have been paid to your business bank account.

We need your basic contact information, along with details about your business such as your business’ name, the type of organisation it is and its address. You can also provide us a Companies House number to make the process easier.

We'll ask you to provide turnover figures to get a better understanding of which team will be right for your application. If you are a startup or your business is less than 12 months old, you can use the aggregated amount based on current trading performance.

We will also ask for a figure of your earnings before interest, taxes, depreciation, and amortization (EBITDA) from the last 12 months. For startups or new businesses, you may use the aggregated amount up to date.