- To 90% Loan to Value
- Mixed Use Property
- Cattery & Kennels
- House & Holiday Cottages
- Bed & Breakfasts
- Live Work Units
- Annexes Let Out
A part commercial property (sometimes called a mixed use property) is where part of the property is used for residential purposes and another part of the property is used for business or commercial use. It may also be the case that the part of the property used for residential purposes is in effect a main residence or is let out to tenants or a mixture of the two.
Examples of part commercial properties include:
- A house with a basement granny flat
- A house with one or more annexes / outbuildings that are let out either as standard lets or holiday lets
- A live work unit
- A shop with a flat above
- A property used as a main residence and for childcare
- A cattery or dog kennels
- A house where part of the property is used as a consulting room/s
- A bed and breakfast
Many clients approach us looking to arrange a mortgage on a part-commercial property and tell us that they have already approached their current bank, building society or non-specialist consultant who have unfortunately told them they will not consider the property as suitable security for a mortgage.
At RockHopper we can look to assist clients looking to arrange a mortgage on a semi commercial property.
Clients looking to arrange finance on part commercial properties will typically need to contribute a 30% deposit – although it may be possible, in certain scenarios, to contribute as little as a 10% deposit.
Depending on your specific situation there may also be the option of arranging the mortgage on an interest only, capital and interest or part and part basis.
Mortgage rates will vary from case to case, but can be secured, in certain circumstances, on standard residential mortgage products.
If you would like to see whether we can help you raise a mortgage on a part commercial property, do get in touch for a free no obligation quotation.