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The Client’s Situation
A property investor approached Advocate Finance to refinance a semi-commercial property consisting of a ground-floor shop with four residential flats above. The client wanted to secure a better rate and raise capital for future projects.
The Challenge
Semi-commercial properties can be more complex to refinance than standard buy-to-lets because lenders must consider both the commercial and residential elements. In this case, challenges included:
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Finding a lender comfortable with the property mix of one retail unit and multiple flats.
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Ensuring the lender would take into account both the rental income from the shop and the residential units.
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Coordinating the refinancing process to release capital without unnecessary delays or excessive legal costs.
The client needed a lender that would look at the property holistically while still offering competitive terms.
Our Solution
Advocate Finance researched the market and identified a lender with strong experience in semi-commercial lending. This lender was prepared to assess both the commercial and residential elements together and was happy with the client’s experience as a landlord.
We supported the client through the valuation and underwriting process, ensuring that the rental figures and the strong demand for both the shop and the flats were clearly presented. Our close management of the case also helped avoid delays often associated with semi-commercial refinancing.
The Result
The refinance was successfully completed, enabling the client to:
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Secure a more competitive rate on the property.
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Raise additional capital against the combined value of the shop and flats.
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Strengthen their position to invest in further opportunities.
This case highlights the value of working with a broker who understands semi-commercial properties and knows which lenders to approach.
Client Feedback
“I had cause to use the services of Henry of Advocate Finance recently for the remortgage of a semi-commercial property and can attest to his versatility, resourcefulness and extensive knowledge of the industry. Henry always found a solution to every situation that needed to be resolved. He presented practical resolution of every issue and was not shy of reverting to the lenders in seeking solutions to any apparently intractable issue. He presented practical resolution of every issue and was not shy of reverting to the lenders in seeking solutions to any apparently intractable issue. I will always seek Henry out first for my future purchases and remortgages of my BTL portfolio. He is highly recommended!”
How We Can Help You
If you are refinancing or purchasing a semi-commercial property, Advocate Finance can help you structure the deal effectively. We work with lenders who understand mixed-use properties and can provide competitive rates tailored to investors’ needs.
Learn more about semi-commercial mortgages
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