FINANCE OPTIONS

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Q: How much can a UK SME borrow for a mixed-use commercial mortgage?

Typical borrowing capacity starts around £100,000 and can extend up to £6,000,000. What you can borrow depends on factors such as LTV from valuation, property condition, the income and occupation mix across uses, lease lengths and rent evidence, any voids, borrower financial strength, and for refurbishment deals the credibility of the post-works valuation.

Q: What are typical decision times for mixed-use commercial mortgage applications?

For straightforward purchase and refinance, initial decisions are often around 5 to 15 business days after receiving a complete application pack. Full underwriting and valuation can extend this to about 3 to 8 weeks for simpler cases. Refurbishment deals typically take longer overall, often around 3 to 10 weeks, due to feasibility review and staged drawdown conditions.

Q: What interest rate ranges are common for mixed-use commercial mortgages?

Rates are often quoted in the region of about 4.8% to 9.0%, influenced by LTV, whether the facility is purchase, refinance, or refurbishment, borrower strength, and the reliability of the mixed-use income. The rate type, such as fixed or variable or a fixed initial period, can also affect the overall pricing picture.

Q: Which mixed-use mortgage type fits purchase, refinance, or refurbishment?

Choose Purchase mixed-use mortgage when you are buying a mixed-use freehold or long leasehold property, usually with evidence supporting the rental profile. Use Refinance or re-mortgage mixed-use when you are remortgaging existing commercial finance based on current tenancy income and LTV. Select Commercial mortgage for refurbishment when you need funding for works, with scopes, budgets, contractor quotes, project plans, and evidence of permissions or consents where applicable.

Commercial Mortgages for Mixed-Use Properties help UK businesses secure finance against premises with more than one use, such as retail/leisure below with residential or office above. Your commercial mortgage (mixed-use property) is typically a term loan used to buy, refinance, or carry out works, with repayments usually made monthly over a fixed term. Lenders assess affordability using rental income from the different parts of the building, the property valuation, and your financial strength. Because income can be blended across tenancies, a well-prepared application can support a clearer underwriting conversation.

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Key benefits for mixed-use borrowers

For mixed-use assets, lenders can underwrite a blended income picture while still relying on the security of the property. That can make funding more achievable than a single-use assumption, especially where tenancy documentation is clear. Decision timing is often structured around valuation and full pack checks.

Funds secured on your property

Helps stabilise monthly cash flow

Supports purchase, refinance or works

SCALE YOUR BUSINESS TO NEW HEIGHTS

Types of commercial mortgage options

Purchase mixed-use mortgage

Use this route when you are buying a mixed-use freehold or long leasehold property for investment or rental income. Lenders usually want a structured purchase offer and credible evidence behind the income plan.

Purchase mixed-use mortgage

A Purchase mixed-use mortgage is typically for SMEs acquiring mixed-use property, where more than one use contributes to the overall rental case. Expect lenders to review your purchase contract, deposit or equity position, and valuation assumptions including rental yields and reversion risk. If the property is not fully let, you will generally need a credible letting plan, and where relevant, evidence of property experience or management capability. Loan sizes commonly sit in the £150,000 to £5,000,000 range, and terms are often 180 to 300 months depending on the property and risk profile.

Refinance or re-mortgage mixed-use

Choose this when you want to refinance existing commercial finance secured on a mixed-use asset. Lenders will focus on current LTV and whether serviceability is supported by the existing rental income.

Refinance or re-mortgage mixed-use

Refinance or re-mortgage mixed-use finance is usually used by SMEs refinancing their current secured borrowing on a mixed-use property. Lenders commonly assess current loan-to-value (LTV), the reliability of rental income, and your track record managing the asset. If you have voids or a changing tenant mix, a stronger plan may be required. Typical amounts often range from £100,000 to £5,000,000, and terms can be 120 to 300 months. Interest rates are often quoted as around 4.8% to 8.0%, depending on LTV, borrower strength, and fixed versus variable structures. Initial decisions are frequently around 5 to 12 business days once the pack is complete.

Commercial mortgage for refurbishment

This option funds works on mixed-use property, such as upgrades to improve lettability or building fabric. You will typically need clear scopes, budgets, and evidence of permissions or consents where relevant.

Commercial mortgage for refurbishment

A Commercial mortgage for refurbishment is designed for mixed-use borrowers who need funding for works, such as improving retail units, converting office space, enhancing fire safety measures, or reconfiguring layouts where permitted. Lenders generally require a detailed works scope, costings with contractor quotes, a timeline and project plan, and evidence of permission or consents where needed. Underwriting considers the post-works valuation assumptions and deliverability, and drawdown is often staged against milestones. Typical amounts can range from £200,000 to £6,000,000, with final secured terms often 180 to 300 months. Decision times typically take longer than straightforward purchase or refinance, often around 3 to 10 weeks.

Typical Funding Journeys on Funding Agent

Submit your funding request

Our platform enriches your application using business data

Your request is matched to suitable lenders

Receive offers and proceed with the best option

How to get this mortgage with Funding Agent

Tell us your property and goal

Share the address, tenure (freehold or leasehold), the intended use split, and whether you are buying, refinancing, or refurbishing. Let us know your target completion timeline so the lender matching reflects how the case is likely to progress.

We match your case to lenders

Funding Agent reviews key eligibility signals such as LTV expectations, rental evidence or letting plan strength, your financials, and any planned works scope. We then shortlist lenders most likely to lend on your specific mixed-use profile.

Submit the pack and progress

We help you organise the mortgage pack for underwriting, including tenancy schedule or rent roll details and staged-works information if relevant. After a lender decision and offer, your solicitor and legal steps move toward completion.