Semi Commercial Mortgage

How will you help me with my semi commercial mortgage?

If you are looking to buy a property which has both a commercial and residential use, Worldwide offer a simple, efficient and cost effective service to help you do just that.

The term semi commercial mortgage is actually slightly misleading as strictly speaking, a semi commercial mortgage will be either a residential or a commercial mortgage. A semi commercial mortgage, with elements of commercial and residential finance would contravene Financial Services Authority (FSA) regulations.

It is true, however, that some lenders see the property with residential and commercial ownership as less of a risk and terms can be much more competitive.

Call your FT award winning commercial broker in confidence now on 0800 0112825 or complete the contact form and your dedicated adviser will contact you regarding your semi commercial mortgage.

We will immediately assign you your dedicated FT award winning mortgage broker who will stay with you from the initial enquiry through to the funds hitting your account.

What is commercial and what is semi commercial?

If 40% or more of the property is used for residential purposes you would apply for a residential mortgage for the whole site.

Be aware that some lenders have strict policies regarding this, which our independent mortgage brokers will advise you about.

If less than 40% of the property is used for residential purposes then you can raise a commercial mortgage for the whole site.

If the property title can be split between residential and commercial uses, such as a shop with a flat above, then you would need a residential mortgage on the residential part and a commercial mortgage on the commercial part, rather than trying to raise hybrid finance in the way of a semi commercial mortgage which may be slightly more expensive.

If you want to know more about what a semi commercial mortgage really means, talk to Worldwide today to find out what the best solution is. Our independent commercial finance brokers are experienced in organising a range of business finance solutions and will be happy to help you.

Our fee guarantee means you won’t pay any fees unless we can help you

Call your FT award winning independent financial adviser in confidence now on 0800 0112825 or complete the contact form and your dedicated adviser will contact you.