Semi-Commercial Mortgages in Portsmouth

Funding a mixed-use purchase or refinance in Portsmouth

We arrange the full range of semi-commercial and mixed-use finance for Portsmouth property. A semi-commercial mortgage funds the purchase or refinance of an investment or owner-occupied mixed-use asset, typically to 70 to 75 percent of value, priced from around 6.5 to 8.5 percent a year. Where the residential element is large, a mixed-use mortgage may be sized on the blended income from both parts. Semi-commercial bridging covers a quick purchase, an auction lot or a property that needs works before it will support a term loan, usually from around 0.70 to 0.95 percent a month. For landlords holding several mixed-use or part-commercial assets, portfolio finance consolidates them under one facility. Once an asset is stabilised and let, a semi-commercial remortgage moves it onto a keener rate and releases equity for the next purchase in Hampshire.

The semi-commercial property we fund in Portsmouth

Each kind of mixed-use asset is treated differently by different lenders, and we arrange finance for all of them in Portsmouth and across Hampshire. That covers the classic shop with a flat above, offices with residential upper floors, pubs and guest houses with owner or letting accommodation, restaurants and takeaways with flats, retail parades with residential uppers, HMOs above commercial units, surgeries and professional premises with living space, and larger mixed-use blocks. The key question every lender asks is how much of the property, by floor area or value, is residential against commercial, because that split decides which desk will lend and on what terms. Local planning records show 109 residential units in the Portsmouth pipeline, a measure of the mixed-use and conversion activity that drives demand for this kind of finance in the area.

The residential element: what local values tell a lender

Recent transactions confirm a market where the typical deal sits between £200,000 and £300,000. 33 Military Road in PO3 sold for £445,000 on 25 March 2026 as a terrace, while 51 Kirby Road in PO2 went through at £420,000 the same week as a semi. At the entry end, leasehold flats are still trading well below the median: Flat 81 Holmbush Court on Queens Crescent at £110,000 and Flat 10, 22 St Marys Road at £84,000 set the floor for cash and bridging buyers. Mid-market terraces such as 80 Mafeking Road at £205,000 and 50 Winter Road at £220,000 underline the values supporting most of the HMO change-of-use pipeline. The Land Registry recorded zero new-build sales over the 12-month window, which is consistent with a city where almost all output comes from conversion, refurbishment and infill rather than estate-scale new build.

This residential evidence values the living space within a mixed-use property and gauges how readily it would let or sell. It is not a guide to the commercial unit's value, which is tenant and covenant driven.