A semi commercial mortgage is required when a property has both a residential element and a commercial element on the same title.
A common example of when a semi commercial mortgage is required, would be a retail premises with one or more residential flats above on the same title.
These types of property are usually not suitable for a standard buy to let mortgage or a standard commercial mortgage. A semi commercial property usually requires a specific mortgage designed for mixed use.
This could be required when investing in semi-commercial property or if you require a business premises with a residential buy to let element.
Key Features of a Semi Commercial Mortgage
Here are some of the common features of semi-commercial mortgages available in the market for UK properties. Individual circumstances will effect what rates and deposit requirements are.
- Up to 75% LTV
- Loans from £50k to £50 million
- Terms up to 30 years
- Rates from 3%+
- New builds and Development exits
- Individuals and Limited Company Applications
Interest rates on semi-commercial are usually higher than a standard residential buy to let mortgage might be.
Semi-Commercial Property Types
Some common examples of semi commercial properties that we can arrange mortgages for include:
- Retail shop with flats above
- Block of flats with retail units on ground floor
- Mixed use developments
- Restaurant with apartments above
- Mixed developments of offices and residential apartments
Semi Commercial Mortgage Brokers
As an independent commercial mortgage brokers, we specialise in helping clients with semi commercial mortgage applications.
Get help navigating available mortgages, compare options and full support from application to completion.
Apply for a Semi Commercial Mortgage
As an independent semi commercial mortgage broker, we can arrange quotes and guide you through the full application process.
Give us a call on 0161 5469128 or fill in the form below and we will be in touch.