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    • SassyP2004
    • By SassyP2004 9th Sep 17, 5:56 PM
    • 3Posts
    • 0Thanks
    Buying a house with an annexe
    • #1
    • 9th Sep 17, 5:56 PM
    Buying a house with an annexe 9th Sep 17 at 5:56 PM
    Really grateful for any advice here. We are relocating and have found our dream home. Have a MIP and vendors have accepted our offer. Now our broker tells us we can get a mortgage on this place as it has a separate annexe and lenders don't like that, in case we rent it out to a tenant. We would like to airbnb the annexe for short holiday lettings. My question is, could we qualify for a buy to let mortgage, to get around this issue - even though we would also be living there. We only need a very small mortgage. Alternatively, would it be feasible for the vendor to sell us the main house - which we could pay cash for, and then buy the annexe separately with a small buy to let mortgage? Not sure what the implications would be for the vendor? Also I'm assuming this would affect the stamp duty, as the main house would probably be valued below £350k. Oh, and the annexe already attracts its own Council Tax. Thanks in advance!
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    • PasturesNew
    • By PasturesNew 9th Sep 17, 6:00 PM
    • 60,668 Posts
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    • #2
    • 9th Sep 17, 6:00 PM
    • #2
    • 9th Sep 17, 6:00 PM
    .... airbnb the annexe for short holiday lettings. ...
    Originally posted by SassyP2004
    Aside from your other issues... you need to check if this is OK locally. The Council would be able to advise. You might need planning permission for change of use, or a special "holiday lets" permission or something. Every area has different rules/schemes. Find out what restrictions might be a problem in the area where that house is.
    • SassyP2004
    • By SassyP2004 9th Sep 17, 6:06 PM
    • 3 Posts
    • 0 Thanks
    • #3
    • 9th Sep 17, 6:06 PM
    • #3
    • 9th Sep 17, 6:06 PM
    Thanks for your reply. The annexe was previously let for holidays through the national tourist board, so no issues there.
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