Commercial Mortgages Devon
Torquay harbourside on the English Riviera

Commercial Mortgages Torquay

Torquay (TQ1 / TQ2) is the heart of the English Riviera, the harbourside, the seafront hotels, the holiday-let market and the town-centre retail and leisure economy. We arrange commercial mortgages for hotels and guest houses, holiday-let portfolios, harbourside hospitality and retail investment across the Torbay tourism economy, and we name the lenders for each.

12 active commercial property listings currently tracked in Torquay.

The Torquay commercial property market

Torquay sits at the centre of Torbay, the English Riviera, one of the strongest tourism economies in the South West. The commercial mortgage flow is dominated by the hospitality and leisure sector: seafront and harbourside hotels, guest houses, holiday lets, restaurants and bars, plus the town-centre retail and the marina. Tourism seasonality shapes underwriting here in a way it does not in Exeter or Plymouth, and lenders price for it.

The deep-volume bracket is £300K to £2M: small and mid-size hotels, guest-house freeholds, holiday-let portfolios and harbourside F&B. Trading hotels fund 7.0-9.0% pa on EBITDA and RevPAR; holiday-let portfolios route through specialist holiday-let lending; retail investment 6.5-8.5% pa. Refinancing post-Covid recovery trading is a meaningful share of 2026 flow.

HM Land Registry residential transactions across TQ1 / TQ2 confirm an active market split between the apartment and second-home stock near the seafront and the suburban family market inland. They are not a direct commercial signal, but they underwrite the holiday-let and semi-commercial income the Torquay lending sits against. Average bed and room values support hotel and guest-house valuation in the better-located seafront positions.

Recent commercial planning activity around Torquay (TQ1 / TQ2)

Our live planning feed does not currently hold applications for Torquay's TQ1 or TQ2 postcodes; Torbay Council's pipeline is not yet in our data lake. The figures below draw on the wider Teignbridge tourism and hospitality corridor as an illustrative guide rather than on Torquay-specific consents. As an adjacent-corridor reference, the Premier Inn Beefeater restaurant alterations at Kingsteignton in Teignbridge (Ref 26/00677/FUL, TQ12 3AF) show the kind of branded hospitality asset-management deal that funds at 65-70% LTV on a strong covenant, directly relevant to the Torquay hotel and restaurant market. We have placed seafront hotel, guest-house and holiday-let deals across Torquay repeatedly; we cite the live consent illustratively because the dataset does not yet carry a TQ1 / TQ2 application. Stamp duty applies at the commercial rates on every purchase; refinancing is unaffected.

Active commercial property types in Torquay

Seafront hotels

Trading hotel freeholds on EBITDA and RevPAR.

£500K-£3M facility

Guest houses / B&Bs

Owner-operated guest-house freeholds.

£300K-£900K

Holiday-let portfolios

Multi-unit holiday-let investment.

£400K-£2M

Harbourside hospitality

Restaurants, bars and cafes around the harbour.

£300K-£1.2M

Town-centre retail

In-town retail investment and owner-occupier.

£250K-£1M

Mixed-use seafront blocks

Ground-floor commercial with flats above.

£400K-£1.5M

Commercial mortgage products active in Torquay

Hotels and guest houses route through trading-business mortgage on EBITDA. Holiday-let portfolios via the holiday-let portfolio product. Retail and mixed-use investment via commercial investment mortgage. Value-add seafront stock routes through bridge-to-let. Refinancing recovered trading is a meaningful 2026 use case.

Owner-occupier

Businesses buying their trading premises, EBITDA cover at 1.3-1.5x, LTV to 75% on bricks.

Commercial investment

Let assets, ICR at 140-160% stressed, LTV typically 65-75%.

Semi-commercial

Shop+flat archetypes, blended ICR ~145%, LTVs to 75% via specialists.

Bridge-to-let

Vacant or value-add acquisitions with refurb / re-let exit onto term mortgage.

Refinancing

Maturing facilities, equity release on stabilised commercial assets, rate-driven switches.

Lender appetite for Torquay hotels, holiday lets and leisure

Tourism-weighted. Trading hotels and guest houses route through Cynergy Bank, Allica, Cambridge & Counties and specialist leisure desks at 7.0-9.0% pa on EBITDA and RevPAR. Holiday-let portfolios run through InterBay Commercial, Shawbrook and specialist holiday-let lenders at 6.5-8.5% pa. Retail and mixed-use investment competes across NatWest, Lloyds, Barclays and Santander on stronger covenants, with LendInvest on value-add. Seasonality and trading history drive the shortlist; we model the trading accounts before submitting. Commercial mortgages are unregulated and fall outside the FCA's regulated mortgage perimeter. We do not hold FCA authorisation because the products we arrange are unregulated.

Property types we finance in Torquay

Asset classes most active in Torquay, each linked to the dedicated finance structure, lender appetite and typical terms for that property type.

Leisure & hospitality

Leisure & Hospitality

LTV: 60–70%

Holiday-let portfolio

Holiday-Let Portfolio

LTV: Up to 70%

Pub & restaurant

Pub & Restaurant

LTV: 60–65%

Retail

Retail

Investment LTV: 65–75%

Mixed-use

Mixed-Use

LTV: 65–75%

HMO block

HMO Block

LTV: Up to 75%

Torquay sold-price data

Live HM Land Registry transaction data for the Torquay local authority area. Use this as market evidence when appraising your scheme or testing GDV assumptions.

Median price

£225K

-2.2% YoY

Transactions (12m)

782

Completed sales

New-build share

0.8%

6 new-build sales

New-build premium

+-2.7%

vs existing stock

Median price by property type

Detached

£410K

Semi-detached

£281K

Terraced

£215K

Flat / Apartment

£150K

Recent transactions

DatePostcodeAddressTypePrice
20 Mar 2026TQ1 4JZ164, FOREST ROADSemi-detached£425K
18 Mar 2026TQ2 6TBFLAT 2, BROADPARK COURT, 12, BROADPARK R…Flat / Apartment£238K
16 Mar 2026TQ2 6HQ1, WEST VIEW, ASHFIELD GARDENSTerraced£260K
13 Mar 2026TQ1 1QAFLAT 34, CLARENDON COURT, STITCHILL ROADFlat / Apartment£84K
13 Mar 2026TQ1 1PG101, PRINCES ROAD EASTTerraced£150K
13 Mar 2026TQ1 1SFFLAT 1, EDWINSTOWE, HIGHER WARBERRY ROADFlat / Apartment£275K
11 Mar 2026TQ1 2LQFLAT 4, MEADVILLE, MEADFOOT SEA ROADFlat / Apartment£185K
11 Mar 2026TQ1 1QQ16A, HILLESDON ROADTerraced£70K

Source: HM Land Registry Price Paid Data, Torbay LPA. Updated 20 May 2026.

Torquay commercial mortgage FAQs

Yes. Trading hotels fund through trading-business mortgage at 60-70% LTV and 7.0-9.0% pa, underwritten on EBITDA, RevPAR and trading history. Cynergy Bank, Allica and Cambridge & Counties are most active. A clean two to three years of accounts strengthens the shortlist and the rate.
Holiday-let portfolios route through specialist holiday-let lending (InterBay Commercial, Shawbrook and others) at 6.5-8.5% pa to 70-75% LTV. Lenders stress seasonal income and look for an established booking record. Single high-value coastal units can also fund individually.
Our live planning feed does not yet hold Torbay TQ1 / TQ2 applications. We cite an adjacent Teignbridge hospitality consent (Premier Inn Beefeater, Kingsteignton, Ref 26/00677/FUL) illustratively. We do not invent reference numbers; we work the live Torbay deal flow directly.
Harbourside F&B funds through trading-business mortgage on EBITDA and barrelage at 60-65% LTV and 7.0-9.0% pa. The lease length and the trading covenant matter as much as the bricks. We shortlist licensed-trade desks accordingly.

Other Devon Areas We Cover

Exeter

24 active listings

Plymouth

26 active listings

Paignton

8 active listings

Barnstaple

10 active listings

Newton Abbot

9 active listings

Exmouth

7 active listings

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