Serviced Property Mortgages

Raise up to 75% loan to value on serviced property mortgages

Serviced Property Mortgages

Serviced Property Mortgages

Serviced property mortgages allow the borrower a first charge loan (mortgage) using an investment residential property as security.

Serviced property mortgages allow the property to be rented out for short periods at a time, this is usually up to a maximum of 3 months.

Serviced property mortgages are ideal for landlords that wish to cater for the Airbnb, contractor and business traveller markets that offer the flexibility of not staying in a hotel and want to offer daily, weekly cleaning services, and or concierge services.

A serviced property differs to a serviced accommodation or holiday let property in that similar to a hotel there may be a concierge service and or that the property will be cleaned during a guests stay rather than before the start of a new short-term tenancy.

Serviced accommodation is a catch-all term that includes purpose-built apart-hotels and residential buildings that are used as short-term lets. Where these services are provided a commercial mortgage will be required.

Serviced property mortgages, how much can I typically borrow?

Serviced property mortgages are typically to a maximum of  75% loan to value (LTV) of the open market value (OMV) of the property.

Lenders will consider serviced properties that are both Freehold and Leasehold.

Properties with a short leasehold remaining may be difficult to secure funding against.

As a long-term product, serviced property commercial mortgage rates are highly competitive with a choice of both fixed and variable-rate terms.

Indicative Terms

Get an understanding of how much you may be able to borrow with a serviced property commercial mortgage and at what terms prior to making an application. You can use Indicative Terms to show that you may be in a financial position to purchase a property with an estate agent or those selling a property.

Some benefits of using us

In addition to property valuations, building insurance, and legal support, we offer a wide range of additional services. For information on this, please see our Business Support Services and Trusted Partner Network.

Our business support and brokerage services include fully packaging and submitting your lending application proposal in addition to ensuring the most competitive rates and terms. We will ensure that your mortgage application is prepared quickly and efficiently. At the same time, we will keep you updated on your application’s progress in order that funds are available in the shortest possible time.

Our offer

In particular, we offer all our clients a truly ‘one-stop-shop’ facility, specifically to provide you with a fully managed and professional business support and brokerage service. Our mission is to secure the most competitive funding offer for your circumstance available from the whole of the market.

Tailored Commercial Mortgage Support

Through our Tax Reclaims and Business Starts brands, we’re able to offer both Capital Allowances Tax Relief and government-backed start-up loans.

  • Capital Allowances Tax Relief can offset the hidden expenditure in refurbishing your property. Typically, this includes elements such as air conditioning, wiring, heating, lighting and security systems – essentially everything that would remain in the building if you tipped it upside down! For more information on Capital Allowances Tax Relief (external link to Tax Reclaims)
  • A government-backed Start Up Loan through the British Business Bank may be available provided that you’re either a start-up or the business has been trading for less than 3 years. For more information on Government backed start up loans (external link to Business Starts)

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