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Return to Asset Finance HomeChattels Mortgage

Businesses that enjoy strong cashflow are able to benefit from the flexibility of repayments under Chattels Mortgage. This is simply a loan secured by title to the equipment. Interest is debited quarterly on the capital outstanding at any time.

What is it?

A Chattels Mortgage is a loan secured by title to the equipment, with the Bank registering a charge. This is particularly effective where there is a complex range of machinery being funded. Normally this is funded on a variable rate basis with interest charged on the capital outstanding at any time. Chattel Mortgages can be a very flexible method of funding.

Benefits

 

 

To apply, or for more information, send us an email or contact your local business team

 


For full Terms and conditions, please refer to our Guide to Business Banking - 123KB PDF Document.


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