Properties above commercial premises can be difficult to finance, and many lenders won’t consider them at all.
This client had found the perfect property, a flat above a shop in a great location, but quickly discovered that their options were limited. Several lenders had already declined the case purely based on the property type.
Rather than seeing it as a problem, we recognised that this was simply a niche area requiring the right lender.
We assessed the details of the commercial unit below, the type of business operating there, and the overall property setup. Using this information, we approached lenders experienced in dealing with mixed-use properties.
By matching the case correctly, we secured a mortgage offer, allowing the client to purchase a property that others had told them wasn’t possible.