Related topic: semi-commercial

The product offers short-term funding of up to £4m for properties that combine both residential and commercial elements.

Molo has also strengthened its semi-commercial proposition, with the introduction of a new two-year fixed rate.

Rates across the proposition now start from 0.80% per month.

The move follows the introduction of Keystone’s first refurb-to-let product range last year.

The new proposition includes loan sizes from £45,000, helping brokers place smaller semi-commercial deals.

The lender has added a standalone semi-commercial product to the range.

The expanded range includes new commercial and semi-commercial term second charges, alongside commercial bridge second charge products.

The lender says the move is due to the competitive pricing of semi-commercial properties alongside lower stamp duty rates.

Retail space above flats is continuing to prove the most popular option.

For the first time, Allica will offer below-market-value leverage up to 80% of the purchase price.