SEMI COMMERCIAL INVESTMENT MORTGAGE
A Semi-Commercial Investment Mortgage is a financial product designed for purchasing properties with residential and commercial elements, such as a shop with an apartment above it.
This type of mortgage blends residential and commercial lending, catering to investors who aim to generate income from mixed-use properties. Lenders assess both the property's commercial potential and its residential element.
These mortgages often require a larger deposit and have different eligibility criteria than residential or commercial mortgages.
WHAT IS A SEMI COMMERCIAL INVESTMENT MORTGAGE?
NO UPFRONT FEES
NO BROKER FEES
Key benefits of Semi Commercial Investment Mortgages:
PROPERTY ELIGIBILITY
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Mixed-use properties qualified
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Residential and commercial components
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Location and condition considered
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Compliance with zoning regulations
LOAN CHARACTERISTICS
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Higher deposit requirements
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Blended interest rates
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Varied loan terms available
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Secured against property
BORROWER CRITERIA
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Strong credit history needed
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Solid financial background is important
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A business plan may be required
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Experience in property management valued
Experienced. Trustworthy. Tailored.
Clever Commercial is an award-winning brokerage with over 30 years expertise in providing bespoke property financing solutions. Competitive rates, flexible criteria, and unrivalled service. Build your future - partner with us.
WHY CHOOSE CLEVER COMMERCIAL?
FREQUENTLY ASKED QUESTIONS
What is a Semi-Commercial Investment Mortgage?
It's a loan for properties that have both residential and commercial elements, like a retail space with apartments above. This mortgage caters to investors seeking income from mixed-use properties.
Who is eligible for this type of mortgage?
Eligibility typically requires a good credit history, proven financial stability, and, sometimes, experience managing similar properties. A solid business plan can also strengthen the application.
How do loan terms differ from standard mortgages?
Semi-commercial mortgages often have higher deposit requirements, possibly higher interest rates, and varied loan terms, reflecting the mixed-use nature of the property and the associated risk.
What factors affect the mortgage approval for a mixed-use property?
Lenders consider the property's location, condition, compliance with zoning laws, potential income from commercial and residential parts, and the borrower's ability to manage such a property.