Move follows broker feedback as more landlords target semi-commercial investments
Specialist property lender Together has launched a new line of semi-commercial mortgage products aimed at property investors and landlords seeking more flexible financing options.
The new offering features a five-year fixed rate loan starting from 7.99%. It follows input from the lender’s intermediary partners, who flagged rising interest in tailored solutions for mixed-use properties.
The loans are designed for both investment and owner-occupier purposes and apply to properties where the majority of the space or land is used for residential purposes, separate from any commercial element. Eligible properties may include high street shops with flats above or houses adapted for business use.
Together said the products would support a variety of borrowing structures, including individuals, first-time buyers, non-UK residents, and entities such as limited liability partnerships (LLPs), self-invested personal pensions (SIPPs), and trusts. For self-funding applicants, there is no upper age limit, and projected rental income will be considered in affordability assessments.
“We are constantly talking to our intermediary partners about the best way to improve our products and service to meet market demand,” said Tanya Elmaz (pictured), director of intermediary sales at Together.
“Traditional landlords are increasingly looking to diversify their portfolios by investing in semi-commercial properties, and our latest changes will provide even more options for them to maximise returns, as they adapt to a new landscape of tax and regulatory changes this year.
“The shift towards semi-commercial property investment is providing professional landlords with even greater opportunities to earn higher rental yields than traditional buy-to-let, and the ability to capitalise on dual revenue streams from commercial and rental income.”
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