The Lemon Fool

Hi
I don't know if this is the right board.

I'm a director / trustee of a charity. We've recently bought and renovated an office space (approx 4,000 sq ft) and moved our various projects under the one roof (and rented out a bit).

We have currently got a voluntary sector "soft mortgage", which is very flexible but the rate is a bit steep. It was useful in the transition period, but we are now looking for something more long-term. We were going to approach the Charity Bank who seem reasonable, but I wondered if there was anywhere else that was charity friendly.

Looking at a £225k mortgage on a £370k property.
Hopefully sub 4% fixed - preferably an offset (I like offsets) / overpayment facility.

I'm new to commercial mortgages, so any help appreciated.

Interesting - you don't say what kind of charity it is nor where you are but seem fixed on a mortgage. There may be other ways of financing the current debt of £225K, for example with a PWLB Loan at less than 2%.