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Semi commercial mortgages
Debsdale
Posts: 1 Newbie
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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Comments
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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 AdviserYou 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.0
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