Mortgaging an ex-local authority flat

cdlnet

There's a lot of people looking at ex-LA flats at the moment, but I'm getting mixed messages about their mortgagability. Be grateful for some feedback. We're looking at a 2nd floor flat in a 5-storey building, of which approx 50% are leasehold and 50% are local authority tenants. The building is Grade II listed. What proportion of lenders are likely to refuse lending on such a property, or will it not be a problem?
A related question concerns the potential maintenance cost liabilities. The building doesn't appear to have been well-maintained, and I reckon could need some serious expenditure, but it is not clear how repairs are financed or who has responsibility for scheduling maintenance of stuff like windows of the leasehold flats. What should we be looking out for here?
All advice received with thanks.

ACG

There will need to be a management company in place.

Over 5 floors starts to cause problems, it will also go off valuers comments so if the building is in bad condition then your unlikely to get a mortgage as its reliant on a third party to do the maintenance and if theyre not showing they are doing it now - what makes you/the lender think that will change.

In theory though it would be possible to get a mortgage.