Helping You To Secure Specialist Mixed Use Finance
If you are looking to purchase or remortgage a property which has a residential and commercial element to it, then you will require a semi-commercial mortgage. Typical examples of these types of properties include a shop with a flat above; or a guest house, pub or boarding kennels with a self-contained residential living area.
Due to this type of funding falling under the commercial mortgage umbrella, you usually need to assess more than your income and affordability when considering an application. In most cases, a business plan and accounts will also need to be provided. Most products require you to have at least a 25% deposit but speaking with someone who is experienced in this type of lending may be able to secure 100% of the property value with additional security. Additional security can be personal guarantees and cross debentures.
Lenders criteria and appetite vary greatly depending on the property type, business type and location. Funding can be arranged for a wide range of client profiles including individuals, limited companies, partnerships, expats and experienced property investors.
This service is offered by referral to a third party.
“Commercial loans are not regulated by the Financial Conduct Authority”