Prepare the file
Mortgage on a flat above commercial premises
A flat over a closed office is not the same as a flat over a takeaway. The use, the extraction and the lease of the flat are the file.
What this page will not do
- A semi-commercial property, where you are buying both units, is a different page.
- Vacant commercial space is not automatically 'no problem'.
- It will not name a lender, a product, or an approval chance.
Questions
- Are flats above shops unmortgageable?
- No. Nor are they all straightforward. The use below is why the question exists.
- I am buying the shop and the flat. Which page?
- The semi-commercial page.
MortgageConnector is a mortgage broker introducer and information service. We do not provide regulated mortgage advice. Where appropriate, we can introduce you to an FCA-authorised mortgage broker who can assess your circumstances and provide advice.
The matching service is free for you. Partner brokers pay MortgageConnector for introductions. If you ask for an introduction, the details you submit are shared with the selected partner. The broker is responsible for regulated advice. Check the firm on the FCA Register.
Your home may be repossessed if you do not keep up repayments on your mortgage.
These figures are illustrative.
An FCA-authorised broker can look at the actual income, credit and property. MortgageConnector introduces you. We do not choose the mortgage.
Find a broker experienced with flats above shops