How To Finance Mixed Use Properties - Property Finance Expert Kevin Wright

How do you go about finding finance for a mixed use property investment? A property that has one part commercial and another part residential.

Your typical property finance arrangements may not allow you to finance a property investment where you have a mixed use property.

If your next property investment purchase is part commercial and part residential, you need to listen to the advice from property finance expert Kevin Wright.

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[AutoFreak]

This is a fantastic video. I am looking to buy a house that has a workshop out the rear of it with its own entrance. The catch I stated I have rented the workshop for 16 and own the business as a sole trader in it. I am looking to buy the house with a btl mortgage and can get the 25% deposit through equity in my house. I have a great friend that has looked after all my finances and mortgages for many years who is trying to get a btl but I assume the workshop is going to be a problem if its there then?

[JayJay-wbmv]

Do bridging loans give you 75% of purchase price or market value? Eg if i get a property 25% under market value will they pay full purchase price?

[tgordon]

Thanks for the answers on the live stream earlier.

[OHXTerpTech]

Great video bro! If the home and commercial property are separate, but on the same lot. can they sell the commercial property to my business for a percentage of the total cost of the property? and I buy the home, with a conventional or a VA loan if it’s owner occupied. Just trying to think out of the box over here.

[juanfcgb]

Hi Kevin, brilliant content here! Thanks in advanced. I have a question in regards how to find a lender for am empty freehold shop if you're just a residential owner with no previous landlord experience.. I am interested into purchasing an empty shop to potentially convert into flats (live in one of them and sell the other two) after applying to class MA in August, so this would be, offering a lease option for the asking price until planning permission has been approved. If it's been denied, then walk away of the deal, if hopefully it's granted, is it possible to apply for: 1) Residential Mortgage and simply live in one of them and sell the other two flats 2) Apply for a BTL lender and let the flats. 3) Use a bridging loan to sell the flats. I'd really appreciate your opinion on this. Thanks!

[bswinny]

Kevin - do you run “classes “ on property finance? I would be really interested if you do

[ruairigogan]

Q1. Is there a 'standarized' list of the tenant grades for the diff type of businesses?
Q2. If so, do U have a link?
Q3. If I buy a MU and it's already tenanted, how is the lease transferred?
Q4. Is there Stamp Duty on a transferred lease?
TIA

[laurencecoffey]

Hello Kevin, id like to buy a 3 bedroom apartment that currently has a restaurant on the ground floor, we would live in the apartment and run the downstairs as a bar in free time, whilst still remaining in full time employment elsewhere, is this possible, on commercial mortgages they are asking for business plans but not taking into account us affording the mortgage based on other earnings

[loopers]

Hi Kevn, do you know if you can you buy a mixed use property through a pension fund or does it need to be purely commercial?

[willb]

What about if I want to convert the ground floor office to resi, first floor is already a flat?

[MrCae]

A bite to what lender? I can't figure out what he is saying...