What type of mortgage do I need?

[Ligne]

I’m not quite sure where to start my research...
I have a mortgaged main residence. I’m looking for a business premises and have seen a couple of places for sale which are commercial ground floor with flat above.

If I wanted to occupy the ground floor commercial unit and let out the apartment, what is the product I’m looking for?

I assume that “the business” renting the ground floor from “me” further complicates the issue?

Any advice appreciated

[swanseaboydan]

I think each property will be different - for example the flat and shop may have separate deeds And will need to be treated as separate entities. If this is the case then I would advise a commercial loan for the ground floor - make it tax efficient and put it in a S I P - then a buy to let mortgage for the flat. Much easier to buy with cash, get the deal done and deal with this later if you are in a position to. I’m not a financial advisor but I have properties and this is what I have done. Hope this helps

[Ligne]

That sounds perfectly reasonable. Appreciate the reply.

[swanseaboydan]

It will also count what you have on the ground floor? I e - food takeaway could be a fire risk to the flat above and will need more fire regs etc etc