Splitting a house into two properties

928ash

Hi,

I am looking for some advice or help on the mortgage and legal side of splitting my house into two.

Basically I have a large detached house which has a mortgage, I am planning to split the house into two semi detached properties and sell one to pay off the conversion costs and some of the mortgage. I should be left with a decent size house and substantially reduced mortgage.

I have managed to get planning permission but now need to look at the legal and mortgage implications. I haven't approached my mortgage provider yet, I wanted to find out if this was something common or would they have problems considering I will be splitting the property into two ? Does anyone else have experience of this type of thing ?

Also wanted some advice on solicitors as am not sure if most online conveyancers would be able deal with this scenario ?

Is there anything else I need to consider ?

Thanks for reading.

mrstrw

You can find contact details about local solicitors from the Law Society

http://www.lawsociety.org.uk/choosingandusing/findasolicitor.law

Word of mouth is probably quite important. Ask any friends/ colleagues if they would recommend the solicitor they used for conveyancing. If you are likely to have lots of questions make sure that you feel comfortable with the solicitor when you first speak to them and they answer the questions in a way that you understand (even if you don't like the advice) Most solicitors are happy to use e-mail, if this is important to you then check.

In relation to price, if the solicitor charges a fixed fee make sure you know exactly what's included in that and what isn't.

Ditch_Crawler

If you have successfully jumped through all the planning hoops and all the building regs hoops, then you are about to become the proud owner of two semi-detached properties, one of which you live in, and the other one you sell. No problems there, then.

But you probably need to talk to your lender before you start - you might need to re-mortgage or something on a completely different basis from the mortgage you currently have.

DC