Semi Commercial

 A semi-commercial mortgage is a loan designed for properties that combine both residential and commercial elements. These properties might include shops with flats above, office spaces with living accommodations, or other mixed-use buildings. Semi-commercial mortgages are typically offered by commercial mortgage lenders and can be used for both purchasing and remortgaging such properties. Some lenders may offer lower interest rates based on the ratio of residential to commercial space. However, certain conditions, like single access to the property, may affect eligibility and rates.