Mixed use Mortgage

WOOLF26

Hi all,

I have sold my property and have agreed a purchase for another. The one i am buying is mixed use with a shop and an apartment behind and above. I would say the shop is around 25% of the overall property size. It is being sold as one unit with the freehold.

I have a 25%-30% deposit for the property but am struggling to find a lender as it is mixed use.

My plan is to live in the apartment and supplement the mortgage payments with the shop.

I've tried a residential and commercial broker and neither seemed able to help.

Does anyone have some advice? A mortgage broker who specializes in this? or point me in the right direction to a lender?

Any help would be greatly appreciated.

Thanks

kingstreet

Semi-commercial isn't an area I've worked in for many years and I would point you at your own clearing bank for such finance today.

See what some of the others think.

amnblog

Mixed use as in a live work unit is more common and can be managed.

This one, I would also point you at your Bankers and suggest you may not have enough deposit.

ACG

I have only found one lender who would do it with a 25% deposit, rates would be around 5.5% upwards.