What are floor space and valuation split requirements for commercial mortgages?

Floor space %: Some lenders might have a minimum percentage that they would like to be residential, for instance, 60%. Valuation split between residential and commercial: Certain lenders might prefer a valuation split ratio of 50/50. Some commercial properties may have only one access point, presenting a more intricate lending scenario. Ideally, properties should have two entrances, but we offer lending solutions for both configurations. For those new to commercial mortgages or non-homeowners, options might be limited. The specific use of the commercial unit(s) can also influence lending options, as the commercial realm contains various sub-sectors. Not all lenders might cater to every sub-sector, such as gyms or car garages. Hence, providing comprehensive information to your broker is crucial to avoid potential declines.