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Mortgage for flat over a pub...
eddddy
Posts: 18,123 Forumite
A quick question for those with current experience of the mortgage market...
Would any lenders consider a residential mortgage for a leasehold flat over a pub, and what LTV would they require? The building in question is actually a converted hotel. The ground floor has become a pub and shops, with flats above.
Alternatively, would it be suitable for a buy-to-let mortgage or a commercial mortgage?
(Can you get a commercial mortgage for a flat that you intend to let? If so, what's the difference between a BTL and commercial mortgage?)
Thanks
Would any lenders consider a residential mortgage for a leasehold flat over a pub, and what LTV would they require? The building in question is actually a converted hotel. The ground floor has become a pub and shops, with flats above.
Alternatively, would it be suitable for a buy-to-let mortgage or a commercial mortgage?
(Can you get a commercial mortgage for a flat that you intend to let? If so, what's the difference between a BTL and commercial mortgage?)
Thanks
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