In many Solicitors firms, there will be a Commercial Property Team and a team of Residential Conveyancing Solicitors. However, at Emmersons Solicitors we are lucky in that we have a number of team members who can deal with both commercial and residential property at the same time.
What difference does this make to you as a buyer or Seller of Mixed Use Property?
Mixed Use Property could be a block of flats with a shop or shops at ground floor level. It could be a restaurant with a flat above, Mixed Use Property could be agricultural buildings with a farmhouse in the middle.
A pure Commercial Property Solicitor will look at things only from the perspective of a commercial transaction. They way they handle searches, taxation issues including Stamp Duty and the requirements of a lender.
The purely Residential Property Solicitor will look at domestic issues and may carry out the wrong searches.
At Emmersons Solicitors, our Mixed Use Property Solicitors are able to consider the purchase or sale from all angles. We also understand the requirements of the specialist lender.
Many lenders actually shy away from Mixed Use Property Mortgages. Mainstream lenders especially have certain lending criteria; they might prefer Buy to Let portfolios or Commercial Property portfolios but not both. They tend to build up certain risk profiles in their lending book.
Our Mixed Use Property Solicitors work with a number of independent brokers who can help you to source the best deal possible.
If you require any assistance with Mixed Use Property, or indeed Residential Conveyancing or Commercial Conveyancing then don't hesitate to give us a call. We can have a no obligation chat with you to plan the best way forward.
Mixed Use Commercial Conveyancing Solicitors Newcastle Solicitors Newcastle: 0191 284 6989
Mixed Use Commercial Conveyancing Solicitors Newcastle Solicitors Sunderland: 0191 567 6667
or email us: firstname.lastname@example.org
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You can also park opposite our Sunderland Office on John Street.