Hello Mark. Welcome to the forums.
While most lenders will classify mixed-use properties
as commercial lending, they are others who can offer you a residential loan.
It is important to distinguish between the two loans as commercial loans are higher in risk and tend to have a lower loan to value ratio and higher interest rates
than residential loans.
Most lenders will assess your property as commercial property as it has a retail shop on it. However, if the property is a converted terrace, it can be considered residential property and you might be able to apply for a residential loan.
If the property can be used as a home and the zoning
allows the property to be converted to residential use, then you may be able to borrow up to 90% of the property value.
If you rent out the attached residence, then you can borrow up to 80% of the property value with a commercial loan.
You can apply for a retail commercial loan
and you might even get a lower interest rate with some of our lenders.
Give us a call on 1300 889 743
or fill in our free assessment form
to find out if you qualify for a retail commercial loan.