Property Type: Flat above commercial pub
Indicates if a lender can potentially accept flats that are above a pub. Flats and maisonettes above commercial premises may be unacceptable to some but not all lenders. Such propositions are often treated on a case by case basis. Factors such as location, access, the type of commercial use etc must all be taken into account in determining suitability. Flats immediately above premises such as bars, restaurants, take-aways, launderettes or any use that generates unacceptable levels of noise or involve anti-social opening hours are generally unacceptable as are uses such as commercial garages or workshops.
What is Criteria Brain?
Criteria Brain is an online research tool for UK based mortgage advisors. Authorized advisors are able to research mortgage lenders criteria in granular detail across many lenders. Without a system like this, the advisors research phase can often take many hours and for complex cases, days, which results in frustrating delays to customers. Criteria Brain fixes this problem by providing a platform which lenders can upload their rules to, in a format that allows advisors to extract the precise information they need in great detail and very quickly. The information contained within Criteria Brain is for advisor use only but by completing the simple form, you could be speaking to an advisor who can answer this question and many more.