Mortgages for Semi Commercial Properties
Part residential and part commercial property
The following points will certainly be advantageous to you when lenders are considering your application. If you are purchasing a business, lenders will want to see that you have adequate experience, this should be in a business sector closely related to that of the business you are buying.
If you have some form of academic qualifications that relates to the business this will also help your professional standings. For example, a diploma in cattery management would show the prospective lender you have the necessary understandings to manage the day to day demands of running your own cattery business.
Academic qualifications in sector
Previously employed in related industry
Previous experience of running related business
Good credit profile
Able to provide proof of income or accounts
Summary of Details Required
Summary of details required for most semi-commercial mortgages
Breakdown of value of residential and value of business
Total amount of deposit capital (for purchases)
Trading 3 yrs accounts for business being purchased
Tenure of the property: Leasehold or Freehold
Business plan may be required for startups
Professional CV for applicants
Fast Short-Term Auction Finance
If you are looking to buy property at auction we can help you to raise the funds you need to complete on time.
A bridging loan is short term finance secured on property or land and can be arranged in a very short period of time through a streamlined underwriting process to deliver the funds you require.
Once the property transaction has completed we can also work with you to secure long term mortgage finance on the subject property or by restructuring an existing portfolio.
Outline of Lending Based on Semi Commercial Property
We can offer the following on semi commercial property
Borrow from £25,000
Mortgage Terms up to 20 Years
Up to 70% of the property value or purchase price
Accept residential and investment commercial
Accept residential and owner occupier business
All Property Types
A wide range of property types and land can be used for security. Property can be in non-letting condition or unmortgageable, needing renovation or to be acquired for planning gain and development.