![]() ![]() Typically, 2,3- or 5-year fixed rates or Bank of England base rate trackers.What is the lending criteria for semi-commercial mortgages? Professional practices such as doctors and dentist practices with residential accommodation on the same freeholdĮssentially any property which has both a commercial element and a separate access residential element will be classed as a semi-commercial property.Restaurants and pubs with self-contained residential accommodation.Retail units with one or more flats above. ![]() Properties eligible for semi-commercial mortgages can vary but typically include: Types of Properties that Qualify as Semi-Commercial: Semi-commercial mortgage rates are cheaper than commercial mortgage rates but more expensive than pure residential mortgage rates. These mortgages are tailored to meet the unique requirements of borrowers who wish to invest in property that generates an income from both residential tenants and commercial tenants. What is a Semi-Commercial Mortgage?Ī semi-commercial mortgage is a loan specifically designed for properties that have a mixed-use element, combining both residential and commercial components. In this article, we will delve into the key aspects of semi-commercial mortgages, including what they are, what types of properties qualify, the advantages of using a commercial mortgage broker, why they can be a good investment, and the types of lenders who provide financing for such properties. A good example would be a retail unit on the ground floor with a residential flat above. A semi-commercial property combines both a commercial use element and a residential element. Understanding Semi-Commercial (mixed use) Mortgages: A Guide for InvestorsĪ semi-commercial mortgage is a type of mortgage secured on a property that combines both residential and commercial usage. ![]()
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