Read on below or use the following panels to look for more information on commercial mortgages. As with the rates above, commercial investment mortgages that won’t fit the high street tend to be priced according to LTV. He is widely respected in his field and regularly provides expert commentary for specialist trade publications, specialist business press as well as local and national press. Head here to find out everything you need to know about commercial mortgages, Compare products from the leading lenders to find the best deal for you, Learn more about commercial mortgages with our in-depth guides and advice section. ✔ Safe, secure and confidential Holiday parks with residential accommodation 6. Use this calculator to work out your monthly repayments. Thank you your enquiry. Fill in the form below to talk through your requirements with an expert. A semi-commercial mortgage can be used for any tenure, whether freehold or leasehold. Depending on the complexity and size of your mortgage there may be a fee for the service, which will be discussed and illustrated in your mortgage illustration and agreed before you make a mortgage application. Property can be in non-letting condition or unmortgageable, needing renovation or to be acquired for planning gain and development. We can offer the following on semi commercial property, Available on-line at www.buytoletdirect.co.uk, HMO Mortgages Development Funding and Bridging Facilities Property Refurbishment Finance Commercial Mortgages, The Mortgage Café Ltd Park House, 10 Park Street Bristol BS1 5HX, Our offices are open from 9am – 5pm Monday to Friday, 0117 223 2050 0117 223 2059 email@example.com. ✔ Quick, simple and easy. As a result, lenders will assess your business plan in relation to commercial space. If a property has separate access for both its commercial and residential aspects, then some lenders may offer two separate mortgages. It’s always best to find the right lender according to your own goals and circumstances, as opposed to just finding a lender that will approve you. Simply input your details and press ‘calculate’ and you will be given your monthly repayments on both a capital repayment and interest only basis. The following property types are all classified as semi-commercial. ✔ Quick, simple and easy But generally speaking, capital repayment applications are available for terms of 3-20 years, with some lenders allowing terms of up to 25 years. A quick & easy hassle-free process. However, there may be links to third party sites which may or may not have these same restrictions. Semi-commercial mortgages are usually offered up to 75% loan to value. When calculating your repayments, working from the capital repayment figure is usually advised. In situations where there is heavy adverse credit in the background, or other significant factors affecting the application, a rate of 7.9-9.9% is realistic. Use our free commercial mortgage calculator to find out likely costs of taking out a new commercial mortgage. Commercial Property mortgages for those with minor adverse credit tend to be priced according to the loan to value (LTV). 1. It is possible to obtain a higher LTV than 75% and in some cases a 100% mixed commercial and residential mortgage. Understanding your monthly payments is vitally important to creating a budget when searching for a property. A semi-commercial mortgage is used solely to purchase a property of mixed-use. If you’re currently running a business, finding the time to engage with multiple lenders can be difficult. ✔ Compare the best mortgages Guest houses with owner’s accommodation 7. Our expert advisors specialise in semi-commercial mortgages and can search the entire market, finding you the best-suited deal. ABC Finance Limited is authorised and regulated by the Financial Conduct Authority Registration No. or Latest annual net profit for owner-occupier, Tenure of the property: Leasehold or Freehold, Business plan and projection of 1st year’s trading for new business startups, CV for all applicants – not always required, but useful, Up to 75% of the property value or purchase price, Interest only or Repayment options available, Accept owner occupier business and investment semi-commercial & full commercial. Our advisors are experienced in providing semi-commercial mortgages and can answer any of your questions. Your home may be repossessed if you do not keep up the repayments on a mortgage or any debt secured on it. For instance, some lenders reduce the maximum term to 15 years for retailers. Finding a lender that suits your budget can allow flexibility in making your commercial purchase a success. Whether you take your mortgage on a capital repayment or interest only basis is an important consideration. Each lender will have their own rules. Furthermore, the ratio of commercial to residential has no bearing. 0117 223 2050 Contact Us HMO Quote Refurb Buy to Let Mortgage Search 85% Bridge If you are looking to buy property at auction we can help you to raise the funds you need to complete on time. Having access to every lender is one advantage, but the experience of knowing each lender’s criteria is paramount in ensuring your application the best chance of approval. Interest only tends to be available from 3-10 years – or even beyond this subject to a small loading to the interest rate. This is also true other minor demerits, such as struggles with traditional affordability calculators or short-leases for investment properties. Most semi-commercial mortgages are on variable rates and are quoted as a certain percentage over the base rate, in the same way a tracker residential mortgage would be, though semi-commercial mortgages on fixed rates are available for under £500,000 where the lender will take the risk on. Again, as above, for loans above £1,000,000 we may be able to offer lower rates. Check to see if you qualify or call us on 0800 195 0490. If the figures inputted are incorrect, then the figures will be meaningless and of little help to you.