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 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, we will need to assess more than your income and affordability when considering your 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 we can help you 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. To avoid you experiencing the run-around from lenders, our experienced Mortgage Consultants can talk you through which products are suited to your individual circumstances, to ensure you get the best deal. Funding can be arranged for a wide range of client profiles including individuals, limited companies, partnerships, expats and experienced property investors.
“Commercial loans are not regulated by the Financial Conduct Authority”