| Property | Pharmacy on the ground floor with a let flat above |
|---|---|
| Location | Bradford, West Yorkshire |
| Client | Pharmacist owner-occupying the shop and letting the flat |
| Product | Semi-commercial mortgages |
The challenge
The building was part owner-occupied and part let, so lenders needed to assess both the business and the rental income. The pharmacy was also changing hands at the same time as the building.
What we did
We approached lenders that combine owner-occupier and investment income on mixed-use property. We supplied the pharmacy's trading accounts, the flat's tenancy and a short business plan. The property and business completions were timed together.
The outcome
The pharmacist completed on both the building and the business on the same day.
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.