Semi-Commercial

Semi-commercial properties will be treated by financial institutions purely as a commercial mortgage proposition despite a certain percentage of the transaction involving a residential  (residential element on a Buy to Let rather than occupancy basis only can be dealt with by Mortgages for Business) property element.  Examples of semi-commercial will include a shop with a flat above it or a residential property that has partly been converted into a public house.  Here the purchaser will be buying the complete unit, i.e. the commercial and residential elements.

We can help provide the finance of all these sort of transaction, whether it is a car showroom with a luxury apartment above or a fish and chip shop with a small studio flat above.

Businesses buying this type of property can expect to pay in region of Bank Base rate + 1% to 3%.  The maximum realistic loan to property value available for this type of purchase is around 85%.

The maximum term of semi-commercial business mortgage will tend to be 30 years.