Imagine Finance
Semi-commercial Owner-Occupied Property
Get the backing you need to own a semi-commercial owner-occupied property
If you’re looking to mortgage a part commercial, part residential property and run your business from it, we can find the right semi-commercial owner-occupied deal for your circumstances.
Semi-commercial properties are a popular option for those looking to own and occupy their business premises as opposed to renting, with a potential loan to value (LTV) of up to 75%.
Furthermore, renting out the residential element to tenants could provide additional income to you and your business. If you wish to live in the residential element, we have options available for you.
Imagine Finance has been arranging semi-commercial mortgages for over 30 years, so you can be sure we will help you secure the best deal to suit your needs.
Frequently Asked Questions
What is a semi-commercial owner-occupied property?
Semi-commercial/mixed-use owner-occupied properties are part residential and part commercial, where the commercial element is occupied by the borrower. Some lenders will also allow you to occupy the residential part.
You may also want to find out what things to consider when purchasing a semi-commercial owner-occupied property.
What type of mortgage is best for a semi-commercial investment property?
As semi-commercial/mixed-use properties are made up of different commercial and residential elements, lenders vary in how they assess these properties. So, it’s important to get expert advice.
If you intend to run your business from the commercial element of the property, you’re likely to be eligible for an owner-occupied mortgage.
Alternatively, if you plan to rent the both commercial and residential elements out to tenants, you will require a semi-commercial investment mortgage.
For free and impartial advice, contact our team today.
What should I consider when purchasing a semi-commercial owner-occupied property?
Purchasing a semi-commercial property can make better financial sense than paying commercial rent to a landlord, plus you have the added benefit of rental income from the residential element.
You will typically be able to borrow up to 75% of the property’s value, which is lower than a standard residential mortgage due to the increased risk for the lender.
Lenders will want to see your last two years accounts and business bank statements for the past three to six months, to assess whether your business can afford the monthly repayments.
Even if you have a bad credit history, we may be able to find you a semi-commercial mortgage to best suit your circumstances.
Talk to the experts at Imagine today and let us help you figure out the best way forward.
How will you support me through the process?
Here at Imagine Finance, we guarantee to compare the market to secure you the best deal for your semi-commercial owner-occupied property.
We also offer free expert advice and are always on hand throughout the process if you have any questions.
Contact our experienced semi-commercial mortgage advisers today and start turning your dreams into reality.
Mr Wells
