Jubilee Semi Commercial Mortgages

Featured Lender For UK Semi Commercial Properties In 2017

Key terms include:

  • Up to 75% LTV – and possibly more for certain property types
  • Up to 100% funding available with additional security
  • Valuation fees starting from £350 including the application fee
  • Rates from bank base rate plus 0.85% for purchases or remortgage dependent on LTV
  • Commercial lending for owner-occupiers (aka for those wishing to run their own business)
  • Loans for both individuals or limited companies looking to purchase an investment property (Buy to Let commercial or residential units)
  • Remortgage your existing portfolio to a lower interest rate
  • Move your properties into a LTD i.e. an SPV (Special Payment Vehicle) Company
  • Applications from Individuals, UK Limited Companies, LLP’s, Partnerships, Trusts, Pension schemes, Expats and foreign nationals
  • Terms of 3 to 30 years
  • Loans can be interest-only, repayment or on a part and-part basis (“Part and Part” means that you can have an element of your loan on a repayment basis and the remaining on an interest-only basis)

Let Us Help You Acquire A Semi Commercial Mortgage – Same Day Quote – Short Term Finance Options
Highlights: Flexible Repayment Term, Expert Assistance  – Quick Enquiry Form Below

Property types include but not limited to:

  • Retail shops with flats above
  • Garages with flats above
  • Restaurants with flats for either living in or renting out
  • Take away with a linked residential flats
  • Buildings which have multiple flats but on a single title
  • HMO (houses with multiple occupancies and a retail element attached)
  • B&B and Guesthouses
  • Doctors surgery with a residential element
  • Vets with mixed planning
  • Nursery with carers living on the same premises
  • Garden centers with residential occupancy
  • Industrial units and residential house mix
  • Cattery and Boarding Kennels businesses
  • Farms with owners accommodation
  • Public Houses with living accommodation
  • Country Houses
  • Farms
  • Private Members clubs
  • Places of Education
  • Places of Religious Education
  • Charity Organisations with mixed-use of properties
  • Cafe shops with a residential part of the title

Mortgages and refinancing utilizing title splitting:

This is a very common process as more people are utilising the equity in their homes to generate an income from their largest asset.

The process involves first applying for planning permission and the permission of their existing lenders. However, as most residential lenders will not allow you to split your home, you must first pay off your existing lender. Specialist lenders and solicitors can easily arrange this. To start the process, please fill in the form below, and we will happily get in touch to help you move things along.

There are a number of ways in which we can help arrange the funding:

  • Pay off your existing mortgage
  • Arrange a development loan to help you with the conversion of your home
  • Pay off the development or bridging loan with either a commercial or residential mortgage
  • We can manage the entire process for you if you wish

The resulting effect will be a monthly rental income stream, or if you choose to sell off the newly created flats, you will have money released to invest as you like.

We have extensive experience in these types of property conversions and the associated lending procedure. Please fill in the form below so that we can discuss your options.

Semi commercial mortgagers example shop with flat photo

Semi-commercial mortgages are most often used by landlords or investors who purchase a property that is part residential and part commercial.

Examples of these types of properties include pubs that have a self-contained living area attached to them, guest houses that have owner’s accommodations, Houses in Multiple Occupancy that also have a retail unit as part of the building, and shops that have a flat above them, among others.

In many cases, a traditional residential or commercial mortgage cannot be used on these types of properties, so finding a commercial mortgage broker who specializes in semi-commercial mortgages may be key to securing funding to purchase the property.

Are Semi Commercial Mortgages right for your property type?

Semi-commercial mortgages were designed for those properties that are considered both residential and commercial, such as the examples listed above. When making a decision about this type of property, it is important to note that the percentage of residential space versus the percentage of commercial space holds no weight in whether or not this type of product is needed – even if 80 per cent of the property is residential space, a semi-commercial mortgage will still be required.

In the eyes of lending institutions, semi-commercial mortgages still fall under the umbrella of “commercial mortgages,” hence a commercial mortgage lender will be needed to fulfil the request.

The only scenario of both a residential and commercial property where a semi-commercial mortgage would not apply is when the residential and commercial aspects of the space have separate entrances – for example, a property where the residential portion can be accessed without having to go through the commercial or retail portion.

If the access to the dwelling and the retail area is separate, it may be possible to secure two separate mortgages, one commercial and one residential. To make this determination and decide what path is best, contact a knowledgeable mortgage broker like Jubilee.

What is the Loan to Value on Semi-Commercial Property Loans?

Semi-commercial property mortgage arrangements are available for both leasehold and freehold properties, and lenders will generally grant between 65 per cent and 70 per cent of the property’s purchase price or value.

Although this is the norm, some lenders will consider up to 100 per cent of the property’s value if the applicant has additional security to offer for the mortgage in the form of equity in other properties that currently have tenants and rental income.

Since they are considered “commercial mortgages” to lenders, they will still take into account the applicant’s business plans, accounts, and profits when reviewing the application and ultimately approving the loan. Semi-commercial mortgages are available for a number of different applicant types, which can be beneficial for many individuals.

These mortgages can be applied for by limited companies, partnerships, and sole traders, as well as investors and landlords looking to expand their property portfolio. This is especially important for businesses that are currently renting their retail space—if a business owner does not wish to stay in a rented property, he or she will have the option to purchase the property using a semi-commercial mortgage.

This can help retail business owners to continue operating their company without distribution out of the rented space while they work to purchase the property outright.

Loan Rates and Options

In the realm of semi-commercial mortgages, both owner-occupier and investment mortgages are available to applicants. This means that if an applicant is looking to purchase a semi-commercial property to rent out to both residential and retail tenants or to fix it up and resell it, the semi-commercial mortgage will be available to help finance the purchase in both situations.

Some lenders for commercial mortgages will allow applicants an interest-only period, sometimes for a set amount of time and sometimes for the entire duration of the loan. This period often results in lower monthly payments, which is useful for many investors or landlords.

Additional interest options are available to help create the best commercial mortgage package for any applicant. These options include interest and capital repayment options, which can help the borrower tailor their repayment period and amounts to fit their unique situation.

Also, fixed repayment schedules may be an option to help manage expenses and stay within the project’s budget, as well as repayment periods that can be spread over as long or as short a period as needed by the applicant. Having these additional options gives the applicant greater flexibility when it comes to arranging a semi-commercial mortgage, and Jubilee can help secure the best commercial mortgage rates for their clients.

What Advantages Can Applicants Expect from Working with an Experienced Mortgage Broker?

As with any other type of mortgage or financial commitment, it is important to shop around to secure the best possible deal, rates, and repayment terms. There are several lenders on the market offering different options for applicants, so the decisions can be difficult.

By partnering with a knowledgeable mortgage broker like Jubilee, applicants can be assisted in narrowing down their options and choosing the right mortgage deal to fit all of their needs. Partnering with Jubilee can also help streamline the application process—we can save you time filling out application forms and paperwork and help get your mortgage approved quickly.

Some people looking for semi-commercial mortgages can often discover that they need a commercial mortgage.  But that is not necessarily a bad thing and Jubilee can still get excellent rates and terms.

Homeowners of All Ages Can Use Financial Products Like Equity Release and Lifetime Mortgages to Manage Their Finances

Homeowners have various financial tools at their disposal to manage and reduce their financial burdens. Options like equity release schemes and lifetime mortgages offer ways to access funds tied up in home equity without selling the property. These products can provide much-needed financial flexibility and stability.

Retirement Mortgages: Financial Solutions for Senior Homeowners

Retirement mortgages are designed to help senior homeowners access the equity in their homes to fund their retirement. These products ensure that seniors can maintain their lifestyle and meet their financial obligations. More information can be found on the Retirement Mortgages page. Additionally, pensioner mortgages offer similar benefits, tailored to those over 65. Visit the Mortgages for Over 65s page for more details.

Remortgaging for Financial Consolidation: A Strategic Approach to Manage Finances

Remortgaging allows homeowners to switch to a new mortgage deal, often with better terms, enabling them to consolidate existing financial commitments into a single manageable monthly payment. This can be a strategic approach to financial management. Details are available on the Remortgages for Financial Consolidation page.

Bridging Finance: Short-Term Financial Solutions for Homeowners

Bridging finance provides short-term funding to cover gaps between transactions, such as the period between buying a new property and selling the old one. This can be especially useful for homeowners looking to manage immediate expenses. Learn about the different bridging loan options from Nationwide, HSBC, and Santander on the Nationwide Bridging Loan, HSBC Bridging Loans, and Santander Bridging Loans pages.

RIO Mortgages: Flexible Financial Products for Retirees

Retirement Interest Only (RIO) mortgages allow retirees to access the equity in their homes while only paying the interest on the loan, providing financial flexibility and control. For detailed information, visit the Best RIO Mortgage Rates page.

Halifax Equity Release: Unlocking Home Equity for Financial Needs

Halifax offers equity release solutions that help homeowners unlock the value in their homes to meet various financial needs, whether for financial consolidation, home improvements, or other expenses. Detailed information is available on the Halifax Equity Release page.

Secured Loans for Homeowners with Bad Credit

For homeowners with poor credit, secured loans can still be an option to manage and consolidate their financial obligations by using their property as collateral. This approach can help improve financial stability despite a bad credit history. More details are available on the Secured Loans for Bad Credit page.

Paying Off Credit Card Balances with Home Equity

Homeowners can use the equity in their homes to pay off high-interest credit card balances, consolidating them into a lower-interest mortgage or secured loan. This can significantly reduce monthly payments and overall interest costs. Visit the Paying Off Credit Card Balances section for more advice.

Debt Consolidation Loans: Evaluating Their Benefits and Impact

Debt consolidation loans combine multiple financial obligations into a single loan with a lower interest rate, helping you manage your finances more efficiently. For more insights, visit the Benefits of Debt Consolidation page. Additionally, understand how to get out of financial commitments quicker with a consolidation loan by checking the Consolidation Loan page.

Finding the Right Cosigner for Your Consolidation Loan

Having a cosigner with good credit can improve your chances of securing a consolidation loan with good terms. This strategy can be particularly helpful for those with bad credit. More information is available on the Finding the Right Cosigner page.

Managing Significant Financial Obligations: £10,000, £25,000, or £50,000

Homeowners with significant financial obligations, whether it’s £10,000, £25,000, or £50,000, can consider various options to leverage their home equity for financial relief, including remortgaging, secured loans, and equity release schemes.

Equity Release Schemes: Evaluating Their Safety and Suitability

Before opting for an equity release scheme, it’s essential to understand the potential risks and benefits. Detailed analysis can be found on the Are Equity Release Schemes Safe? page.

Drawdown Lifetime Mortgages: Flexible Options for Accessing Home Equity

Drawdown lifetime mortgages allow homeowners to withdraw funds as needed rather than in a lump sum, providing flexibility and control over their finances. Learn about this option in the Drawdown Lifetime Mortgages section.

Examples of How Equity Release Schemes Can Help Homeowners Manage Finances

Real-life examples illustrate how equity release schemes can be tailored to meet the specific needs of homeowners, providing financial relief and stability. Detailed case studies are available on the Equity Release Schemes Examples page.

Equity Release Schemes for Bad Credit: Accessing Funds Despite Financial Challenges

For homeowners with bad credit, equity release schemes can offer a way to access funds despite financial challenges. Detailed information is provided on the Equity Release Schemes for Bad Credit page.

Bridging Finance for Homeowners with Bad Credit

Even homeowners with bad credit can access bridging finance to cover short-term financial gaps. This can be an essential tool for managing immediate expenses. Learn more about this on the Bridging Finance for Bad Credit page.

Interest-Only Lifetime Mortgages: A Financial Solution for Seniors

Interest-only lifetime mortgages allow senior homeowners to borrow against their home’s value while only paying the interest, keeping monthly payments lower. For more details, visit the Interest-Only Lifetime Mortgages page.