Buy to Let Mortgage for Flats Above Commercial Premises

Are you looking for a mortgage on a Buy-to-Let flat above a commercial property, then we have the answer for you.

These flats need to be leasehold in England and Wales. For Scotland the tenure is different.

The flats generally tend to be above retail shops or offices, but not always. Lenders will want to know what trade is being carried out in the shop below.

Lenders generally do not accept flats above fast-food outlets, restaurants, licensed premises. Shops with associated smells/chemicals/in flammables etc., are also not acceptable by most lenders. However, we have a selection of lenders who can consider these types of properties. We will also need to know what type of property is adjacent on both sides of the property and what trades are being carried out in each case.

The flat must be self-contained and have its own front entrance (ie not through the shop). Mortgages are available up to 85% of property purchase price (or property value for remortgages). Interest only is readily available and applicants do not need letting experience with some of these lenders.