Semi-Commercial
When it comes to semi-commercial property, we take a wholly simplistic approach.
By focusing solely on the residential aspect of the property and rental in terms of LTV & ICR coverage, we can easily unlock opportunities for your client.
What’s more, rates are on par with our BTL product range allowing your client to transact without the complexity of a commercial mortgage.
Megan Betts
BDM – Buy-to-Let
The winner of the Broker: Administrator award at The British Specialist Lending Awards 2023, Megan joined MT Finance after over a decade of working broker-side. She now uses the knowledge and expertise she has accrued to support our buy-to-let intermediary partners and their clients.
David Kingham
BDM for London & South East
Starting at MT Finance as a New Business Executive in 2019 and progressing to Senior Underwriter for regulated bridging, David’s expertise has allowed him to smoothly transition into business development. A natural problem solver, he excels in navigating complex markets and providing innovative solutions.
Chris Parr
Senior BDM for Midlands & North
Chris Parr has over 20 years’ experience in the financial services sector. Since joining the MT Finance team in 2020, he has used his vast knowledge to support our introducing brokers in the Midlands, Northern England and North Wales and helping to guide them through every stage of an application process.
Richard Sherman
Senior BDM for South West & South Wales
Richard joined us in 2018 and has over 10 years’ experience in the industry. Having joined from a mortgage broker, he’s uniquely placed to understand how our brokers truly operate & what they need to effortlessly provide the best possible outcomes for their clients.
Joe Grace
Senior BDM for London & South East
Joe originally joined us in 2019 as a New Business Executive, meaning he has an in-depth knowledge of our operations & processes as well as the property sector. A natural people person, his ability to forge strong relationships makes him the perfect choice to support our brokers.
Criteria FAQs
What is the maximum commercial element you will allow?
The commercial element cannot exceed 40%
Do you consider the commercial rent to support the rental requirements?
No. We base both the rent and the property’s value on the residential element only. This also means the valuation fee will be based only on the residential value.
Do you have any restrictions on the commercial element?
No. However, the commercial element must not have a material negative impact on the saleability or marketability of the residential element.
Does the commercial element have a minimum EPC rating?
Yes – in line with industry regulation.
Do you lend to first-time landlords?
Yes, but we require at least one applicant to have a minimum of 12 months of current or previous letting experience for MUFB lending.