Non-Regulated Semi Commercial Mortgage With Flat Above Takeaway [Case Study]

Simon Nicholson

Written by Simon Nicholson on May 23, 2018

Updated October 2, 2019

Leading secured loan rates of 3.65%

The Case

A directly authorised mortgage broker referred a semi commercial purchase to us, as they were struggling to place with a lender due to the property being a hot food takeaway with a residential flat on the first floor. Client was looking for 70% loan to value and had no proof of income. The case was further complicated due to the client residing between the UK and Hong Kong and her English was poor.

The Solution:

We placed this case with one of our lenders due to the type of property and the fact that they would underwrite the case using the projected rental income to support the mortgage on a self-funding basis. We also managed to overcome the language barrier with the client using a native speaking solicitor with offices in both London and Hong Kong.


Accrording to our secured loan repayment calculator Our lender offered terms at 7.99% variable on a £100K loan, which is our exclusive semi commercial rate not available to brokers who deal with the lender directly.

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All credit types
Rated 5.0/ 5

Smart Money Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.


Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£10,000 - £1,000,000

Representative APRC
From 7.1%

Loan Term
3 - 35 years

Loan Type
& Buy to Let

Homeowners Only
Max LTV 100%

Award winning broker of the year Smart Money have made it to the top of our list as our No 1 recommended provider for homeowner and buy to let loans. They are independent and have access to the major lenders in the market.

Representative Example

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