Semi-Commercial Mortgage FAQs
A Semi-Commercial mortgage is a loan for a property that has both commercial and residential parts – typically the Society lends on properties such as a shop with a flat above. However, you can speak with us about any property with mixed use as long as 40% of the property is used for residential purposes.
The information is intended to give you an idea of your eligibility for our Semi-Commercial mortgages. Meeting the below criteria is not a guarantee of acceptance, your application will also be subject to additional underwriting criteria, credit checks and assessment of a suitable property.
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Step 1: Make an Enquiry
The first step to getting a mortgage is submitting our enquiry form.
Step 2: We’ll Call You
After submitting your enquiry, you can usually expect to hear from us within 2 working days.
During this initial phone call we will discuss your requirements and set up an appointment with one of our Mortgage Advisers. Our Mortgage Advisers are available for telephone or branch appointments, with evening and weekend appointments available.
Step 3: Your Mortgage Appointment
During your appointment, your Mortgage Adviser will provide you with information on the products available and answer your questions on a non-advised basis. If you wish to proceed, they will help you submit your application.
Start the process today by making an enquiry:
Please see our Intermediaries website for details of how to submit a mortgage application to us:
Our Semi-Commercial Mortgage Rates
As with all our mortgages, acceptance is subject to eligibility, lending criteria and any product specific criteria.
|Initial interest rate %||Overall cost for comparison||Maximum loan to value||Product fee||Additional Features|
|3.99%||4.9% APRC||70%||1.50% of loan amount||-||More details|
All our mortgages move onto our Standard Variable Rate after the initial rate period. Our Standard Variable Rate is currently 4.74%. If our Standard Variable Rate changes, your monthly repayments could go up or down.
Loans available to persons aged 21 or over and are subject to status and valuation of a suitable property, over which security will be required. All lending will be subject to appraisal of the financial standing of the applicants.
Most Buy-to-Let Mortgages (investment type property loans) and commercial mortgages are not regulated by the Financial Conduct Authority.