Mixed freehold purchase: salon, pet shop and flat — declined after five weeks

The background

The buyer had managed the salon for nine years and knew the business inside out. When the owner decided to sell, she was the natural purchaser — but the freehold came as a package: the salon, the pet shop next door, and the flat upstairs. The seller wanted to sell the lot.

The sticking point

She applied to her bank. Mixed commercial and residential property sits awkwardly with many high street lenders, and after five nervous weeks, the bank declined. With a seller ready to move and time already lost, the purchase was at real risk.

The way past it

She came to us in a hurry. We prepared a strong application and took it to a lender with a genuine appetite for mixed commercial property — one that could assess the salon's trading strength, the pet shop income, and the flat as parts of a single, sensible transaction rather than an awkward exception.

The result

The lender approved 80% funding within ten days — a £1.45m purchase rescued and completed, with the manager of nine years becoming the owner of the whole building.

The acquisition completed.

Explore the business acquisition loans we arrange and how the funding can be structured.

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