Semi-Commercial Mortgages 2018-03-12T00:19:10+00:00

Semi-Commercial Mortgages

Home » Commercial Mortgages » Types of Commercial Mortgage » Semi-Commercial Mortgages

COMMERCIAL MORTGAGE MENU

What Are Semi-Commercial Mortgages?

Semi-commercial mortgages are a property backed loan designed for property which is comprised of both residential and commercial elements.

They are available for a diverse array of properties and can be used to purchase or remortgage a property.

Pick up the phone
Talk to an Expert
For free advice call
01922 620008

Latest Semi-Commercial Mortgage Rates

We offer semi-commercial mortgages from lenders across the whole market. Compare the latest leading rates and apply online instantly.

Product CM0001 - Apply Now
Interest Rate
2.75%
Rate Type
Variable
Lender Fee
1.5%
Max LTV
80%
Min-Max Loan
£2,000,000 - £80,000,000
Property Type
Mixed Use Or Commercial
Own Occ/Investment
Owner Occupied
Max Term (Years)
20
Repayment Or Int Only
Repayment
Product CM0002 - Apply Now
Interest Rate
2.85%
Rate Type
Variable
Lender Fee
1.5%
Max LTV
65%
Min-Max Loan
£1,000,000 - £80,000,000
Property Type
Mixed Use Or Commercial
Own Occ/Investment
Investment
Max Term (Years)
15
Repayment Or Int Only
Repayment
Product CM0003 - Apply Now
Interest Rate
3.00%
Rate Type
Variable
Lender Fee
1.5%
Max LTV
80%
Min-Max Loan
£500,000 - £2,000,000
Property Type
Mixed Use Or Commercial
Own Occ/Investment
Owner Occupied
Max Term (Years)
20
Repayment Or Int Only
Repayment
CLICK HERE TO COMPARE MORE MARKET LEADING PRODUCTS

Criteria

Every semi-commercial, or mixed-use property is different and as such, each application will be judged on its own merits. As a guide, we can usually offer the following:

1Up to 80% Loan to Value (LTV).
2Repayment or interest only.
3Market leading rates from 2.75%.
4Borrow from £25,000 – no maximum loan.
5Terms from 5 years to 25 years.
6All property types considered on their merits.
7Semi-commercial investment or owner-occupied loans.
8Adverse credit considered.

What Properties Are Classed As Semi-Commercial?

The banner of ‘semi-commercial’ covers a wide range of properties. Any property that comprises of both a commercial element and living accommodation will be classed as semi-commercial.

Living In The Residential Portion Of The Property

If you’re planning on living in a portion of a semi-commercial property and either working from, or letting the commercial element, most lenders will treat your application as FCA regulated. Although this will reduce the number of lenders who would be willing to accept the application, however it is still acceptable to some.

Specialist advice is crucial and we are highly experienced in this situation.

How Much Can I Borrow?

We offer semi-commercial mortgages from £25,000 with no maximum loan amount. Regardless of the size of your application, we can usually help.

Lenders will usually allow you to borrow up to 75% LTV when buying or remortgaging a mixed-use property. Of course, as with other types of mortgage, the maximum loan may also be restricted by the lender’s affordability calculations.

Semi-Commercial Mortgage Costs

Semi-commercial mortgage rates start from as low as 2.75% per annum. The interest rate charged will vary depending on the quality of the application, the size of the loan and the LTV. Larger loans will usually receive lower rates than smaller ones, for similar quality applications.

In addition to the interest, lenders will charge an arrangement fee, which is usually between 0.75 – 2% of the loan amount.

Completion Timescales

Semi-commercial mortgages can usually be completed in around 6 – 12 weeks from the initial application. Of course, the timescales for each application can vary.

By ensuring you provide all the required information upfront, and any additional information as it is requested, you can cut down your application to the lower end of this scale.

Get Started Today

We offer you two ways to get started with your application right now.

  • Compare semi-commercial mortgage rates online and apply online instantly. We will run through your application to ensure it will meet the lender’s criteria and has the best chance of success and then submit the application for you.
  • Contact us to talk to an adviser and they will be able to run through your application in detail, and offer you written terms in under two hours. From there, they will work with you until you’re 100% satisfied with the terms offered.

Want to Know More…?

Use the panels below to read more on Commercial Mortgages.

Close
ENQUIRE NOW - CLICK HERE