Commercial Mortgages Temple Quarter

The Temple Quarter commercial property market

Temple Quarter clusters around Bristol Temple Meads station (Brunel-era Grade I-listed terminus) and stretches north along Temple Way and Victoria Street into Temple Quay. Temple Quay is the prime Bristol office address, with Burges Salmon, Osborne Clarke, TLT and Hargreaves Lansdown anchoring the largest floors. Glass Wharf and The Distillery sit on the eastern fringe with mid-prime stock. The Temple Quarter Enterprise Zone covers around 70 hectares around the station, with the University of Bristol Temple Quarter Enterprise Campus delivering 800,000 sq ft of new academic and innovation space.

Commercial mortgage flow splits three ways. Temple Quay office investment refinance routes through NatWest (Bristol commercial RM), Lloyds (Harbourside regional desk), Barclays and Santander on the prime stock at 60 to 65% LTV and 6.5 to 7.5% pa. Glass Wharf and The Distillery mid-prime investment routes through Shawbrook, Cynergy Bank, OakNorth and Cambridge & Counties. Owner-occupier acquisitions by law and accountancy partnerships route through Allica, HTB and Shawbrook at 70 to 75% LTV.

HM Land Registry residential transactions across BS1 and BS2 around the Temple Quarter regeneration zone reflect strong urban-professional occupier demand. Used as a market-temperature signal they confirm Temple Quarter continues to absorb supply at strong yields, which underwrites the ground-floor retail and hotel income on the mixed-use commercial stack. Stamp duty applies at the commercial rates on every freehold commercial purchase.

Active commercial property types in Temple Quarter

Lender appetite for Temple Quarter office and Enterprise Zone stock

Strong across the four high-street RM teams on Temple Quay prime, NatWest, Lloyds, Barclays, Santander at 60 to 65% LTV and 6.5 to 7.5% pa. Shawbrook, Cynergy Bank, OakNorth and Cambridge & Counties cover Glass Wharf and The Distillery mid-prime. Owner-occupier partnership acquisitions via Allica, HTB and Shawbrook. Development exit on PC Enterprise Zone phases via OakNorth, Cambridge & Counties and Shawbrook. InterBay Commercial, Cynergy Bank and LendInvest cover specialist and sub-prime stock. Commercial mortgages are unregulated lending and fall outside the FCA's regulated mortgage perimeter, we do not hold FCA authorisation because the products we arrange are unregulated.