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Semi commercial mortgages

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Debsdale
Debsdale Posts: 1 Newbie
in Mortgages & endowments
Has anyone got any advice on how to get a mortgage to buy a shop with a flat above? The shop isn't currently trading but we would reopen it and live in the flat upstairs. :j

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  • ACG
    ACG Posts: 24,559 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    A broker.

    Chances are you wont be getting normal rates. At a guess I would say closer to around 6-8%. The last time I did one of these the rates were around 8% but I think they may have come down since then.

    You will also need a 25-30% deposit.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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