Costs

Mixed-use mortgage rates

What a mixed-use mortgage costs in mid-2026, and how the commercial and residential mix shapes the rate.

Matt Lenzie
Written and reviewed by Matt Lenzie Founder & Principal Broker · 25 years arranging semi-commercial and mixed-use finance
The short answer

Mixed-use mortgage rates run from around 6.5 to 8.5 percent a year in mid-2026, the same band as semi-commercial mortgages, because a mixed-use mortgage is a semi-commercial mortgage. Owner-occupiers sit toward 6.0 to 7.5 percent. The rate is driven by loan to value, the income mix and the borrower.

At a glance

  • Investment rate6.5 to 8.5% pa
  • Owner-occupier6.0 to 7.5% pa
  • Loan to valueUp to 70 to 75%
  • Same asSemi-commercial rates

Mixed-use mortgage rates in 2026

A mixed-use mortgage and a semi-commercial mortgage are the same product: a commercial loan against a property that mixes a commercial part with a residential one. The rates follow the same bands.

TypeIndicative rate (mid-2026)
Owner-occupier mixed-use6.0 to 7.5% pa
Investment mixed-use6.5 to 8.5% pa
Mixed-use bridging8.5 to 11% pa

These are indicative, typical for mid-2026, not firm quotes from a named lender.

Mixed-use means semi-commercial

Because the two terms describe the same product, a rate quoted as a semi-commercial rate and one quoted as a mixed-use rate are the same thing. There is no separate, cheaper mixed-use product hiding behind the name.

How the commercial and residential split affects the rate

The mix of income shapes pricing. A larger, well-let residential element diversifies the rent and can pull the rate toward the keener end, because the lender is less exposed to a single commercial tenant.

A property weighted heavily to a specialist or volatile commercial use can price higher, or draw a lower loan to value, because the income is more concentrated.

Two income strands

A mixed-use asset earns from both a commercial and a residential tenant. That diversification is part of why these deals can price competitively.

What drives a mixed-use mortgage rate

  • Loan to value: a lower loan prices keener
  • The strength and documentation of the combined rent
  • The commercial covenant and the use class
  • Owner-occupier versus investment
  • The borrower and the structure, often a limited company
  • Fixed versus variable pricing

Loan to value and the rate

Mixed-use lending sits up to a 70 to 75 percent loan to value, so a deposit of 25 to 30 percent is the norm. The lower you keep the loan to value, the tighter the margin a lender will offer.

Loan to valueEffect on rate
Up to 60%Keenest pricing
60 to 70%Mid-band
70 to 75%Toward the upper band

Limited company and portfolio rates

Most investment mixed-use lending is done through a limited company or SPV. Lenders are well set up for it, and SPV borrowing does not carry a meaningful rate penalty over personal borrowing on these assets.

Portfolio landlords holding several mixed-use and buy-to-let properties can sometimes access relationship pricing across the book, which we explore where the portfolio supports it.

Fees and the all-in cost

Beyond the rate, budget for an arrangement fee, often 1.5 to 2 percent, a valuation, and legal fees on both sides. We set out the all-in cost of every offer so two deals can be compared on the true number, not the headline rate.

A keener headline rate with a heavier arrangement fee can cost more over a short hold than a slightly higher rate with a lighter fee. The comparison only works once both are reduced to a single all-in figure across the period you expect to hold the loan.

How rates compare with a residential mortgage

A mixed-use mortgage costs more than a residential mortgage on a comparable home, because it is a commercial loan priced on the asset rather than a salary, and because the commercial element carries more risk than a pure dwelling.

The trade-off is access. A residential lender will not fund a property with a genuine commercial part, so the mixed-use rate is the price of borrowing against an asset that a residential mortgage cannot reach at all. Against that, the diversified income and the non-residential stamp duty treatment often make the numbers work for an investor.

How to secure the best rate

  1. Bring more deposit to lower the loan to value
  2. Document the combined rent and the commercial covenant well
  3. Decide fixed or variable to match your view on rates
  4. Use the right structure for the asset and your tax position
  5. Run the case across the whole lender panel

Each of these is a lever you control before going to market. Together they are usually worth more to the final rate than the difference between one lender's published figure and another's.

Mixed-use mortgage
Another name for a semi-commercial mortgage, secured against a property combining commercial and residential use.
Loan to value
The loan as a percentage of the property's value; a lower figure usually means a keener rate.
FAQ

Mixed-use mortgage rates: common questions

What are mixed-use mortgage rates in 2026?

Around 6.5 to 8.5 percent a year for investment deals and 6.0 to 7.5 percent for owner-occupiers, the same bands as semi-commercial mortgages, because a mixed-use mortgage is a semi-commercial mortgage.

Why is a mixed-use mortgage rate higher than a residential one?

Because it is a commercial loan, priced on the asset and its income rather than a salary. The trade-off is access to finance against a property a residential lender will not fund.

Does the commercial and residential split change the rate?

Yes. A larger, well-let residential element diversifies the income and can pull the rate keener, while a heavily commercial or specialist use can price higher or draw a lower loan to value.

Can a limited company get a mixed-use mortgage?

Yes, and most investment mixed-use lending is done through a limited company or SPV, without a meaningful rate penalty over personal borrowing on these assets.

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