Barn Conversion - Advice Needed

FraserGreen

I have read a few posts regarding mortgages for self builds but have a few questions around barn conversions.

Here's a little bit of a background: We're first time buyers with joint income of around £55K with around £15K deposit. Potentially we have access to free barns and land.

I'd like to find out a little more information on mortgages around barn conversions or self builds. Would a self build be cheaper?

Would be great to read someones experience/thoughts. Would it be at all feasible or should we join the norm and get a 'first time buyer' mortgage for a house/flat?

Thanks,

Neil

Fruit_and_Nut_Case

If you are young and fit and it's what you really want I'd say go for it. I would love to have gone down that road when I started out but I'm too [STRIKE]settled[/STRIKE] decrepit now. Carpe diem!

Yorkie1

The first thing to ask is whether you would get planning permission for the conversion.

DigForVictory

No planning permission, no build.
Then who converts - a barn is a Qualifying Conversion but see http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&id=HMCE_CL_000513&propertyType=document#P740_80324
Especially if you suffer from insomnia. It's not riveting reading...
Finally, you can get self build mortgages, but you may need to find a mortgage specialist to find one.

That said, very best of luck!

FraserGreen

DigForVictory wrote: »

No planning permission, no build.
Then who converts - a barn is a Qualifying Conversion but see
Especially if you suffer from insomnia. It's not riveting reading...
Finally, you can get self build mortgages, but you may need to find a mortgage specialist to find one.

That said, very best of luck!

Thanks for the info. Looks like our barn qualifies. I guess the next step will be to look for a mortgage specialist to find out if we’d be accepted with our current deposit and that we’re first time buyers.

Then move onto planning permission!

holly_hobby

Ok, well apart from planning permission - you also need to make sure that the dwelling has its own title deed (no agri restrictions or covernants), all its own separate utility supplies, drainage etc (ie not spared off the main farm house etc) and its own separate access and right of way independent of the farm (ie not via the farmyard etc,) or through any other dwellings boundries.

If so, try these guys with your equiry ...

http://www.buildstore.co.uk/

Hope this helps .. good luck

Holly xx