Refinance an existing commercial mortgage to lower your rate, switch lender, release equity or restructure the loan. Whole-of-market access and ex-banker structuring. Our Exeter-based commercial mortgage service connects you with specialist lenders who understand the Devon commercial property market.
Refinance an existing commercial mortgage to lower your rate, switch lender, release equity or restructure the loan. Whole-of-market access and ex-banker structuring.
Our Exeter commercial mortgage team connects you with specialist lenders who have appetite for Devon commercial properties, securing competitive terms through direct credit committee relationships.
Read our complete commercial remortgage guideMarket Insight: We see steady occupier demand across Exeter, underpinned by a Russell Group university, a large public-sector base and the expanding Science Park on the eastern edge of the city. Prime retail holds up around Princesshay and the High Street, while the Quay has matured into a leisure and hospitality destination. Suburban parades in St Thomas, Heavitree and Topsham trade on local convenience income. Constrained land supply keeps values firm across this Devon city, so we often see value-add and refurbishment strategies rather than new prime stock changing hands.
Regeneration in Exeter centres on the phased expansion of Exeter Science Park on the eastern edge, the ongoing evolution of the Quayside as a leisure quarter, and redevelopment of the bus and coach station site alongside the St Sidwell's Point leisure complex. A strong low-carbon agenda is also shaping refurbishment of older city-centre stock.
High-street banks including NatWest, Barclays and Lloyds compete hardest for prime Exeter offices and well-let investments with strong covenants. Challenger and specialist lenders such as Shawbrook, Allica Bank and Aldermore take the secondary retail, mixed-use and conversion stock around the city centre and Quayside. Student and purpose-built accommodation draws lenders familiar with University of Exeter demand. Owner-occupier term rates in the county capital sit around 6.0 to 7.5% pa in 2026.
Six to twelve weeks from formal application to drawdown is the typical range, with straightforward cases at the short end and complex structures taking longer. The valuation alone takes 2-4 weeks, legal title review another 3-5 weeks, and lender credit decisioning 1-3 weeks. We recommend starting the remortgage process at least six months before any fixed-rate end date, so the new facility is in place the day the existing one reverts to a higher variable rate.
Six months before the end of your current fixed-rate period is the optimal window. Earlier than that and the formal valuation may go stale; later than that and you risk paying reversion-rate interest during the gap. If your trigger is equity release rather than rate maturity, start as soon as you have a clear use of funds, the current valuation is the binding constraint and sets the timeline.
Almost always yes. Most lenders require a valuation no more than 3 months old at drawdown, and the valuation must be addressed to the new lender (existing lender valuations typically can't be transferred). Some lenders accept a desktop or drive-by valuation for low-LTV remortgages on standard residential investment property, but full RICS valuations are the norm for commercial.
Dedicated commercial remortgage specialists with deep knowledge of the Devon market.
Access to 100+ specialist lenders including those with specific appetite for Exeter.
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