What is a semi-commercial mortgage?
This type of mortgage is also called a “mixed-use mortgage.”
You can run into issues if you apply for a standard commercial or residential mortgage. The mortgage you apply for must match the property you’re buying.
Here are certain property types that would be eligible for semi-commercial mortgages:
- Commercial buildings with apartments
- Owner-occupied guesthouses
- Pubs or bars that have their own accommodations
- Buildings with their own offices and apartments
- Purely home-based businesses
- Shops with apartments above
- B&Bs (Bed & Breakfasts)
And more!
We can assist you in finding the ideal funding option for your business endeavors. With new products coming out every day, finding the best option can do wonders for your project.
Finding the time to communicate with several lenders when you are already running a business might be challenging. Rushing financial decisions could ruin your investment.
Our Team at Budget Rates will scour the market, leverage our strong working relationships with our lender-partners, and find you the optimal solution.
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