Two properties, one title deed, one mortgage?

Johnleddo

Hello,
I'm hoping I might be able to get some advice from people who have been in my situation before or know more about the mortgage world than me.

My situation is this, myself and my partner are looking to purchase two houses which are semi detached together. My mortgage advisor initially suggested that we would need two separate mortgages one for each house, however the vendor has informed me that the two houses are on one title deed. We intend to keep the two houses separate (I have read a few posts about issues of buying two and knocking into one house but this isn't our situation) I will contact my mortgage advisor tomorrow for their thoughts but though I'd ask for some advice on here also.

I'm wonderin then if we could purchase them on one mortgage which would be best as only one set of solicitors fees etc?

If anyone has experience of this or can offer any knowledge I would be very grateful.

Thanks in advance
John

Meeper

If there are two distinct properties on a single title deed, you won't find a residential mortgage lender willing to give you a mortgage on normal terms.

Johnleddo

Hi Meeper & thanks for your advice. As for two distinct properties I guess they are there's no adjoing door or anything. When you say "normal terms" what does this mean? might it be possible with some specific terms? Or are there lenders that specialise in these situations?

Also looking at it a different way and assuming we need two mortgages how will two seperate lenders view two mortgages on a property with only one title deed? Appologies if I'm asking obvious questions! Many thanks, john.