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New build homes being built with office like assets

Journalist: Jake Carter, Mortgage Introducer

ended 15. August 2023

Has there been an increase in new build homes being built with office like assets?

If so, what is the overall impact of this? How has this impacted the commercial mortgage market? 

What requests in terms of office like requirements have you seen remain following COVID?

3 responses from the Newspage community

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Editor
Stephen Perkins
Managing Director at Yellow Brick Mortgages
A Study or home office space is a key selling point or feature in all homes marketed since Covid. With more people either hybrid working or fully working from home, the kitchen table is no longer sufficient. An appropriate workspace can add value to a home and make it stand out from competitors.

The commercial mortgage market has been struggling with many lenders less happy to lend on many high street and office premises or installing high minimum loan amounts. There have been far too many office buildings standing vacant for too long, leading commercial lenders to see these as much higher-risk security.
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Kundan Bhaduri
Property Developer and Portfolio Landlord at The Kushman Group
Your question isn't very clear. Happy to provide inputs if you can clarify what you mean by 'office like assets'. We are portfolio landlords and developers and we also manage our own properties.
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Austyn Johnson
Founder at Mortgages For Actors
Home insurance will be expensive! Could they build a nice house with office for 12? Or would that become a commercial property and therefore a commercial mortgage is needed? They need to be careful not to cross the line.