Semi-commercial mortgage in Newquay.

Buying or refinancing a mixed-use property in Newquay.

A semi-commercial mortgage can finance a building with both business premises and residential accommodation. That might be a shop with a flat above, offices with separately let apartments, or a block with several commercial and residential units.

The starting point is what you are buying and how it is occupied. Buying the whole shop and flat is a different proposal from buying only the flat on its own lease. If your business will trade from the premises, the lender will also need to understand the business and how it will meet the repayments.

Buying a property

For a purchase, send the sales particulars if available, the agreed or asking price, your deposit and your intended completion date. Include the rent from each occupied unit and any space that is empty. If the purchase depends on refurbishment or a new tenant moving in, explain the costs and timing so those plans can be considered from the start.

Refinancing an existing building

A remortgage may replace an existing loan or raise additional funds, subject to assessment. We need to understand your current mortgage balance, repayment terms and any early repayment charge. If you want to release capital, tell us how much and what it will fund. The new mortgage must cover the existing debt and relevant costs before any remaining funds are available to you.

What affects how much you can borrow?

The lender considers the property’s value, the income available to support repayments and your circumstances as the borrower. Loan-to-value is the mortgage amount as a percentage of the value accepted by the lender. Your deposit covers the remaining purchase price, and you will also need to budget for fees and other purchase costs.

Commercial rent and residential rent

For a let building, provide the rent for each unit separately. A commercial lease may have a break date, a rent-free period or an upcoming expiry; the flats may have different tenants and tenancy dates. These details help explain how dependable the income is and when it could change.

For example, if the shop is empty but the upstairs flat is let, show the flat’s current rent and the shop’s expected rent separately. Include any work needed before the shop can be occupied. This gives a clearer starting point than one combined rental estimate.

Using the premises for your own business

If you will trade from the commercial part, explain what the business does, how long it has been operating and whether it will own the property or rent it from another company. Business accounts and trading information may be needed alongside the property details.

Comparing the cost

Compare the interest rate, arrangement fee, repayment basis and early repayment charges together. A capital repayment mortgage reduces the balance over time; an interest-only mortgage leaves the principal to be repaid separately. Use the mortgage calculator to explore monthly payments, and our deposit guide to work through the upfront budget.

Start with the property you want to finance.

You do not need a completed application pack to make an initial enquiry. Send us the property address and a short outline of what you want to do.

• The building: what the commercial space is used for, how many homes it includes and who occupies each part.
• The funding: purchase price or estimated value, the amount you need to borrow and your available deposit or existing mortgage balance.
• The income: current rent from each unit, any vacancies, or details of the business trading from the premises.
• Your plans: purchase or refinance, intended ownership, any works and the date you are working towards.

Sales particulars or a simple rent schedule are useful if you already have them. Further documents can follow once the proposal has been discussed. Our application documents guide explains what may be needed at that stage.

Property market / Newquay area sample

Property sale trends in Newquay.

These HM Land Registry figures show registered property sales across residential property types and the Other category. They provide a broad view of recorded sale prices; they are not a separate index of commercial or mixed-use buildings.

In Q2 2026, there were 96 registered sales in this area, with a median price of £290,000. In Q2 2025, the same area had 165 registered sales and a median of £300,000.

A median is the middle sale price. It changes with the mix of properties sold, as well as their prices. Recent quarters may also be incomplete because sales take time to appear on the register. Figures were collected on 2026-08-11.

Which area do the figures cover?

The sale figures use records matched to Newquay within the CORNWALL Land Registry district area. The boundaries used for sale records may differ from a postal address or local-authority boundary.

Ceremonial county

Cornwall

Region

South West

Country

England

Area reference: Newquay.

Recent sale records in this area include TR7, TR8. This is a selection of postcode districts appearing in the records, rather than a full list of streets or properties covered.

Regional finance / South West

Company-charge registrations in South West.

Companies House filings for the lenders covered by our analysis show 1,578 company-charge registrations linked to properties in South West in the first half of 2026, compared with 1,292 in the first half of 2025 — a change of +22.1%.

A company charge records security granted over assets. It can relate to a new loan, refinancing or an existing obligation. These figures cover selected lenders across South West, include finance beyond semi-commercial mortgages and do not show loan amounts or mortgage rates.

Updated 2026-08-09. Regional figures are matched using property postcodes; 81% of records in the full lender sample could be matched. About the property data.

Semi-commercial mortgage questions.