WebI never believed you could get me a mortgage above a fried chicken shop at 90%. No-one else could. MB, London In the current climate, it is a challenge to source competitive mortgage finance for flats above commercial premises. This is particularly so, above, restaurants, supermarkets, an off licence, pubs, offices, hairdressers, launderettes and … WebOct 7, 2024 · There are other big mortgage lenders which may be able to offer you a mortgage. Some lenders may limit the type or price of properties you can purchase. Some of these banks include: Central Hispano, Banco Bilbao Vizcaya Argentaria (BBVA) and CaixaBank. Documents you need for your Santander Spanish mortgage: NIE number …
Mortgage On Grade 2 Listed Building (3 Useful Tips) Huuti
WebFeb 10, 2024 · Leasehold flats with no management company in place are often a no-go for mortgage lenders. This is due to the fact that communal spaces like hallways, lifts and … WebJan 12, 2024 · A flat above a shop may be harder to mortgage Leasehold status. It’s also important to consider the leasehold status of the flat. If the flat is leasehold, it means that you are buying the right to occupy the flat for a set period of time and you will have to pay ground rent, service charge, and insurance to the landlord. shannon dwyer np
Buying a flat above a shop: The pros and cons - GetAgent.co.uk
WebJul 10, 2024 · We have an opportunity to buy a flat above a shop in a small rank of shops in a residential area. The flat is at the end of a rank above a hairdressers and next to a funeral directors. The flat has it's own entrance and parking spot. It's a great price for the area and very rentable. WebFeb 6, 2024 · The average Loan to Value (LTV) for flats above shops is between 85% and 90%. Can I get a mortgage for a flat above my shop? You must convince your lender … WebDec 5, 2024 · With mortgages on standard properties, it’s possible to borrow up to 95% loan-to-value, which means having a deposit of just 5%. If you’re buying a property above or next to commercial premises, you’ll probably have to put down closer to 20% up front. How a broker can help you buy near a commercial property shannon dwyer retailmenot