flat in commercial property

canaldumidi Posts: 3,511 Forumite

27 March 2017 at 7:36PM in Mortgages & endowments

A launderette has a flat above it, and a flat built on behind (own access rom the rear). Both flats on seperate (new) leases, with the launderette owner holding the freehold for the building.

1) Is obtaining a mortgage complicated by the commercial element in the building?

2) if so, why?

3) how many/which lenders would lend, and would the terms be more onerous/expensive?

4) would re-sale be more difficult?

Cheers!

This discussion has been closed.

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