What are the categories of Tenanted/Residential Mortgage?
Semi-Residential – where less than 50% of the property is deployed for commercial purposes. Applicants reside (owner-occupied) and operate their business at the same premises.
Farmstead – these rates apply to agricultural properties up to 25 acres with owner-occupied residence. Greater than 25 acres will be treated as commercial property (prevailing rate on commercial loan will therefore apply)
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