Semi-Commercial Mortgages
Semi-Commercial mortgages are a type of mortgage that allows you to purchase a property that has both residential and commercial elements. This can include properties like mixed-use buildings, where the ground floor is used for retail or office space, and the upper floors are residential apartments.
Want to know more about semi-commercial mortgages? Get a better understanding of what they are and how they work.
Need Some Examples?
A pub with accommodation, a shop with a flat above, or offices with residential units are all examples of mixed-use properties that would require a semi-commercial mortgage.
What are they?
When purchasing a mixed-use property, for example one that has a shop on the ground floor and residential flats above, you will need a semi-commercial mortgage. This type of mortgage allows you to borrow against both the commercial and residential elements of the property.
Mixed-Use Income Streams
Lenders will take into consideration the income generated from both the commercial and residential elements of the property when assessing your application. This can help you secure a larger loan amount.
Want to Know More?
We are here to help find the right semi-commercial mortgage for you!