We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage for flat over a pub...
eddddy
Posts: 18,776 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
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.8K Mortgages, Homes & Bills
- 179K Life & Family
- 263.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards