Part Commercial Properties

Some part commercial properties can be accepted on normal residential terms (subject to a satisfactory valuation):

Type of Property
Bed & Breakfast (no more than 2 bedrooms allocated to paying guests)
Live/Work Units
One room used as an office/consulting room (with a second room used as a waiting room if necessary)
Properties that have an annexe used for non-commercial purposes. (If the annexe was let on a short term assured or private residential tenancy basis (Scotland) or as a holiday let this would be acceptable)

Where the business income is required to support the mortgage this is acceptable subject to it satisfying our normal underwriting requirements.

We will not lend on residential terms where any part of a property has one or more of the following commercial uses:

Type of Property
Caravan park
Garage - petrol and/or car sales
Holiday lets for > 18 weeks per year
Industrial Unit/Workshop
Office Unit (unless only one room used as an office/consulting room, see table above)
Post Office
Public House/Club
Storage Yard
Working Farm

For part commercial properties not covered here contact your New Business Service Centre to find out if the property is suitable for a residential valuation.