PART COMMERCIAL MORTGAGES

Up to 80% LTV

Under Single Title

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Residential & BTL Rates

Future Change of Use Allowed

STEP 1

Enquire online

 

STEP 2

Speak to an Advisor

 

STEP 3

Get a Mortgage

 

Part Commercial Mortgages

Part commercial mortgages are specific mortgages for properties that have both a residential and commercial area to the demise . We appreciate that the structure and complexity of part commercial mortgages are generally misunderstood by the majority of lenders or brokers.

Typically, clients we successfully assist tell us of the difficulty they have experienced in trying to arrange competitive finance on a part commercial unit. Often they express their frustration in finding an appropriate lender as commercial lenders may not be interested due to the residential element of the property and residential lenders do not lend on commercial build. People are a little unsure how to start their search despite these properties being the ideal solution for business owners looking to save money by residing on site or looking for an investment property.

Usually we find that clients seeking these types of mortgages have more specialised finance needs and we are able to provide personalised advice on the appropriate lenders to meet those requirements. They may have spoken to a number of brokers without success, before making contact with us.

“It was quite an easy decision to make….the run of the mill mortgage brokers really were not going to be able to help me on this one. I would recommend Capital Fortune to any one asking and I do so too.” Joe Crosby, Golders Green

Clients we successfully help in similar situations, typically tell us of their annoyance at the current restrictions on obtaining part commercial finance. They usually have a healthy deposit for a purchase or significant equity to undertake a re-mortgage. They find it difficult to understand why the vast majority of lenders will not consider their individual circumstances when securing this type of living and  work space since it can often reduce overheads as bills, mortgage payments and other costs will only apply to one property

They confirm the additional problems they come up against, if they want to rent out the property and may be uncertain where to begin.

They generally are looking for appropriate guidance to obtain the available deals in the market. They frequently seek to ensure that they do not fall foul of the lenders conditions or invalidate the property insurance given the property’s semi commercial status and who may be living and/or working at the property.

Our part commercial property mortgage service is based not only on knowing UK lender’s criteria but also our ability to access the available private banking and bespoke lending solutions. Such lenders will often take a more holistic approach to the Live Work unit and will look at the mortgage as more than a standard transactional deal.

“They arranged a re-mortgage for us…. which was unusual and certainly must have been difficult. It went through smoothly, more smoothly than any other mortgage I've taken out.” RH, Stanmore

Part commercial mortgage applications often require a greater degree of negotiation with national lenders, the underwriters, their panel surveyors and property valuers. Clients we successfully help, also appreciate there is a limitation on the number of providers in this specialist market and understand the fact that many do not openly advertise their available products direct to customers.

“Capital Fortune are a blessing...I feel like I’ve got the best rate on the market and a very personable and friendly service.” Reuben, South London, SE27

As a comprehensive panel of lenders broker in this area, we know our lenders and lending criteria. Importantly, we appreciate the ambiguities and difficulties in this area of UK lending and work to provide an appropriate solution. We regularly assist clients with mainstream and complex finance and we are the UK specialists in part commercial mortgages.

Our Advisers will take you through all the options available and all the relevant fee structures. You can then decide whether we are right for you.  You can call us on our national number or a request a call back online, using the general enquiry form or call back request.

We have been voted the Overall Adviser of the Year for the largest UK mortgage and protection network, two years in a row and have recently won a national industry award for Excellence in Treating Customers Fairly. A number of our clients watched us on BBC TV Newsnight and supported our shortlist nomination for Best Broker Prime and Best UK Mortgage Adviser at the prestigious Money Marketing Financial Services Awards and British Mortgage Awards respectively.

“We are now on our second mortgage with Capital Fortune and recommend them to friends and family.” EHB, London

For part commercial mortgages, call us today on 020 3 216 2037 speak to one of our Advisers.

STEP 1: Online Enquiry

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