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Difficulties with a buy-to-let remortgage - 2 flats on 1 title deed
Jaxer
Posts: 204 Forumite
I have an investment property which was converted from a shop+flat to 2 separate flats. It was all done with planning permission and the existing lender was notified at the time.
I'm looking to remortgage and raise monies on the property but 2 separate brokers I spoke to (on an informal basis) said the 2 flats/1 title deed would be a problem for mainstream lenders. One said he could do it with a niche lender but the interest rate would be correspondingly higher.
Can anyone recommend any lenders who would look at this scenario as I don't really want to go down the route of splitting the title deed etc.
I'm looking to remortgage and raise monies on the property but 2 separate brokers I spoke to (on an informal basis) said the 2 flats/1 title deed would be a problem for mainstream lenders. One said he could do it with a niche lender but the interest rate would be correspondingly higher.
Can anyone recommend any lenders who would look at this scenario as I don't really want to go down the route of splitting the title deed etc.
0
Comments
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BTL isnt really my bag. But your broker sounds right. Most btl lenders only deal with brokers anyway so even if we pointed you in the right direction you would still need a broker.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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