Semi Commercial Mortgage Options

shopwithflatSemi Commercial properties are treated by most lenders as Commercial properties. At Ravenwood we have some specialist lenders that understand the risks in lending against such properties.

As a result the terms and the rates can be more favourable. Examples of semi commercial are a shop with a flat above or a part pub part residential property.

A semi commercial mortgage would apply when re financing or buying both properties – eg the shop and the flat. Experienced residential investors often diversify into part residential part commercial properties in the search of yield and longer term tenants.

If the tenant of the commercial part of the property has good accounts and appropriate lease this can help the process of getting the mortgage, but this is not crucial by any means.

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Interest Only Semi Commercial Mortgages

Even though much of the mortgage market has stopped doing interest only mortgages, we have some lenders that can do interest only on some semi commercial properties.

Semi Commercial Mortgage lenders

As of winter 2014, Ravenwood have six lenders offering finance on semi commercial property.  Some of them are repayment only.  Some of them will only go as far as 60% LTV (loan to value).

Title Separation and separate entrances

If your able to do some building works so the residential part of the property has its own separate entrance, it maybe possible to get a solicitor to help you separate the titles.  Then you could consider putting normal residential finance or Buy to Let finance on the residential title part of the property (likely a leasehold property) and put a commercial mortgage on the commercial property. It could even pay to put more leverage in the residential leasehold property and leave the more difficult to finance commercial property unencumbered.

Part residential part commercial mortgage

This is what we specialise in! More examples of property include but are not limited to:

  • Public Houses with owner occupied accommodation
  • Care homes with owner accommodation
  • Some agricultural properties
  • Guest houses and Hotels with landlord accommodation forming part of the B&B or Hotel
  • Residential property with commercial units or workshops included on the same title
  • Homes of multiple occupancy with retail shop at street level and flats above a ground floor shop
  • Residential property including Holiday Let annex flat on the same title


Finance Companies

Mortgage Express
Style Financial Services (Style)
First Response Finance Ltd
Talk Talk Telecom Limited
No 1 Copperpot Credit Union
Furness Finance Ltd
Derbyshire Home Loans
Abcul Camden Plus Credit Union Ltd
Bank of Cyprus
Benton Finance Ltd
Gateway Credit Union
Mint Loans
RBS Plc (Trading as Direct Line)
Mortgages Plc
Allied Vehicles
Santander Cards UK (HOF) (I)
Creation (Cust Services)
Capital Credit Union
Polish Credit Union UK Ltd
Dobies Cumbria
Citysave Credit Union
John Lewis Financial Services Ltd
Trace And Status Report Services Limited
Newman & Company Ltd
Paragon Mortgages
Friends Provident
Begbies Traynor
A.Bruce Ltd (SFA)
HSBC Card Services
Ambassador Fin & Ins Services Ltd
Freedom/Lending Wizard
Credit Solutions (EGG)
Halifax Plc
Affiniture Cards Ltd t/a Diners Club
Fortis Lease
Bank of Scotland Mortgages
Palmer & Harvey McLane Ltd
Currie Motors Ltd
Swinton Insurance
Abcul Southwark Credit Union
ING Direct P.V
Voyager Alliance Credit Union Limited
Tower Capital
Active Investments
Masthaven Ltd
Black Horse
Bamboo Loans
Atos Origin IT Services UK Ltd
Yorkshire Building Society
The Mortgage Works (UK) Plc
RBS Cards
Wescot Credit Services
Fredricksons Int Ltd
Capital Bank Plc
Honeycomb Finance Plc
Stroud & Swindon Building Society
North Yorkshire Credit Union
Cambridge Building Society
Scottish Power
Cardiff Credit Union
Central Trust Ltd-Gophermoney Ltd
Accord BTL
Tesco Bank Cards
Yell Ltd
Hinckley & Rugby Building Society
Ocean Money Ltd
Northern Rock Asset Management – Loans(I)
MMA Insurance Plc
Barclays Bnk (Woolwich) Prsnl Loan (LPF) (I)
Value Credit Union
AIB Group (UK) Plc Credit Cards
GE Money Home Lending
First Plus (Synergy)
First National Tricity Finance
Positive Finance Ltd
Newcastle Building Society
Prestige Finance
Carphone Warehouse
Moneyway (STB) – Motor Finance
Arvato Financial Solutions
T M V Finance Ltd
Student Loans Company
Advance Credit Union
Cheshire Building Society
Clydesdale Bank Current Acct
Lombard Bank Ltd
First Rate Credit Union Limited
Llandudno Credit Union
Basinghall Finance Plc
Advanced Payment Solutions
Northern Rock Asset Management-Mtges(I)
Five Lamps Loan
Hartwell Finance
Astra Mortgages

In 2019 remortgages for bad credit are very common and complete in around 5 weeks, sometimes in less time than that.