• Generally up to 75% LTV
• Typically, retail shop with flat above, or any property where there is a mix of residential and commercial use
• Owner occupied – commercial part for applicant’s own business and residential part as occupant’s main residence
• Investment – to rent both aspects via a lease and/or tenancy agreement
• Repayment loans up to 30 years
• Interest only loans up to 10 years
• Fixed rates, or variable linked to Bank of England base rate, or LIBOR
• Available for properties in England, Scotland & Wales
• Virtually any property type considered
• Will suit property purchase, or remortgage
• Capital raising for virtually any purpose
• Interest rates can start from less than 3.00%
• Loans available where proof of income is a problem
• No deposit required if other property can be used as additional security
• Speak directly to an adviser – no call centre
Semi-commercial mortgages are available on any property consisting of a residential element and a commercial element within the same freehold, or leasehold title. Typically this would be a flat, or flats, above a shop, but would also apply to other configurations and property types.
Examples of semi-commercial property types:
• Pubs with rooms let
• Hotels and guest houses with owners accommodation
• Residential property with workshops or commercial units on site
• HMOs with retail shop on ground floor
• Investment portfolios consisting of residential and commercial properties
We have lenders who will lend up to 75% of property purchase price, or value, whether for the applicant’s own occupation, or investment (rental) purposes, or a combination of both. For applicants who have other property available, some lenders can use this as additional security and potentially lend up to 100%.
Semi-commercial mortgages are usually made on a repayment basis over a maximum of 30 years, but we can also arrange these on an interest-only basis for mortgages up to 75% LTV. These interest-only facilities are only available over shorter terms of 3 years, 5 years and 10 years. Interest rates can be based on tracking the Bank of England base rate, or LIBOR, or in some instances fixed rates.
We can match your circumstances and requirements to lending criteria and let you know the best terms available in the market today. There is no charge for quoting the best lending terms for you and, to do this, we only require a few key details to be able to respond within 24 hours.
Call us now on 0117 223 2050 and talk to an adviser for a fast decision.