Convert house split into 2 flats back to 1 family home - mortgage prob?

cobyjones

Hi - any further view ?

I am looking at particulars for a home that was at some stage split into two seperate living quarters. i.e: downstairs 1A and seperate access to upstairs.. flat 1B. The particulars state the price is for both 1A and 1B (freehold) with permission to convert back to family home (my intention).

When remortgaging, will the lender deem this as me buying two properties and subsequently require 2 mortgages, or as been sold as one lot would it be one mortgage.

Any ideas

Thankyou for any responces to follow

ILW

Are there any leases on the flats?

cobyjones

there are no leases for the flats.

ILW

If the place is listed on land registry as a single property, should pose no problems.

Richard_Webster

Lender may want permission implemented by work being done to make it impossible to use as 2 flats, e.g removal of separate kitchens and possibly bathrooms.

VickyO_2

I just wondered if you managed to go ahead with the purchase of the two flats, and whether you encountered any problems with the purchase. We are in the same position, and have just tried to get a mortgage with a major bank, but they declined it due to the property currently being two flats so according to them "not being able to value it"

Thanks in advance Vicky

cobyjones wrote: »

Hi - any further view ?

I am looking at particulars for a home that was at some stage split into two seperate living quarters. i.e: downstairs 1A and seperate access to upstairs.. flat 1B. The particulars state the price is for both 1A and 1B (freehold) with permission to convert back to family home (my intention).

When remortgaging, will the lender deem this as me buying two properties and subsequently require 2 mortgages, or as been sold as one lot would it be one mortgage.

Any ideas

Thankyou for any responces to follow