| Property | Ground-floor café with two self-contained flats above |
|---|---|
| Location | Ealing, West London |
| Client | Investor with a residential buy-to-let portfolio buying a first mixed-use property |
| Product | Semi-commercial mortgages |
The challenge
The client had only owned residential property, and some lenders want commercial experience. The café tenant had only just signed its lease.
What we did
We approached semi-commercial lenders that accept experienced residential landlords. A new ten-year lease with a deposit from the café tenant helped. We gave the lender a full rent schedule showing the residential share of the income, which supported a higher LTV.
The outcome
The investor completed with one mortgage covering the shop and both flats.
Semi-commercial mortgagesMortgages for mixed-use buildings, such as a shop or office with flats above.
Learn moreImportant: Commercial mortgages and most business finance are not regulated by the FCA. Your property may be repossessed if you do not keep up repayments on loans secured against it.