Earl Shilton launches new mixed-use mortgage for home workers

Earl Shilton Building Society has launched a new mixed-use mortgage to assist people who wish to run or set up a business from their home.

Related topics:  Mortgages
Rozi Jones
16th August 2022
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"With the rising popularity of working from home in all sorts of industries, we’re proud to be supporting our members in establishing or growing their businesses."

Many people changed their working situation over the coronavirus pandemic, with spaces for home offices becoming essential for many looking to move house.

Working from home isn’t just reserved for office employees though. With a mixed-use mortgage, a room within an existing property can function as a business space giving certain professions the flexibility to set up their businesses at home including beauty therapists, dog groomers, and counsellors.

The Society offers a five-year discounted rate mixed-use mortgage with an initial rate payable of 4.54% (1.05% less than the current SVR of 5.59%), available up to 50% LTV with a £999 arrangement fee.

Paul Tilley, chief executive of Earl Shilton Building Society, said: “With the rising popularity of working from home in all sorts of industries, we’re proud to be supporting our members in establishing or growing their businesses.

“I’d encourage anyone thinking of exploring that option to get in touch with our expert mortgage advisers and get the process started.”

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