SME Secured Business Loan

What is it

It’s a loan aimed at Limited Companies looking to raise capital for their existing business by securing it against a Director’s residential property.

Who is it for?

Designed for Directors/Limited Companies/Limited Liability Partnerships.

What can it be used for?

This loan must be used for business purposes only; it will be paid into your company’s bank account.



All of our mortgages are structured around the amount of money you want to borrow compared with the value of property you are buying. This is referred to as the loan to value (LTV) ratio. It’s the difference between the deposit you have and the property purchase price in percentage terms.

If your property is worth £100,000 and you borrow £75,000 the LTV will be 75%.

If your residential property still has a mortgage against it, your loan from will take the form of a second-charge on that property.

  • Maximum 4 Directors with all registered directors being party to the mortgage agreement
  • All Directors must reside as a tax resident in the UK, and have done so for at least 3 years with indefinite leave to remain
  • All Directors must have a traceable credit bureau record of 3 years or more
  • All Directors must have held an active UK bank current account for at least 3 years
  • No Director can have had any personal mortgage arrears in the last 12 months
  • No Director can have any unspent criminal convictions other than for minor traffic offences
  • The Director whose property is being mortgaged must have been a director of the business for at least 2 years
  • All registered owners of the security property must be party to the mortgage agreement
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LTVFirst chargeSecond charge
65% or under6.9%7.9%
For Intermediaries, please click here to download the full SME Business Loan product fact sheet

Apply online

Start your BlueZest application on your mobile, tablet or PC, whichever you prefer. For added flexibility you can also switch between devices at any stage.

You do not have to complete your application in one go; you can stop at any time. The information entered will be automatically saved, so you can resume and complete your application whenever convenient.

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