Some part commercial properties can be accepted on normal residential terms (subject to a satisfactory valuation):
| Type of Property |
| Bed & Breakfast (no more than 4 bedrooms allocated to paying guests) |
| Live/Work Units (purpose built) |
| 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 tenancy basis 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 |
| Hotel |
| Industrial Unit/Workshop |
| Kennels/Cattery |
| Office Unit (unless only one room used as an office/consulting room, see table above) |
| Post Office |
| Public House/Club |
| Restaurant/Takeaway/Café |
| Shop |
| Storage Yard |
| Warehouse |
| 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.
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