An experienced landlord wanted to expand their portfolio by
purchasing a freehold semi-commercial property that was
adjacent to an existing owned unit.
The client wanted the option of using the ground floor
commercial space for their own use. At time of purchase the
commercial unit and flat above were both let out.
The priority for the client was to obtain the maximum possible
lending and have an option to let the units.
Previous brokers had struggled with the commercial unit being
a takeaway with a flat above. Some lenders have issues with
flats above food or takeaway outlets.
We obtained 100% of the purchase price on a 5 year fixed rate
with interest only payments.