Mortgage Valuation

tp023

Speculatively looking at a pub conversion at the moment (ground floor pub is operational but would be closed and sold with vacant possession). It has a self contained accommodation (Liveable) on the upper floors and planning to convert ground to residential (which I would intend to use it for). The question is how will the mortgage company value the property? Self contained accommodation only or as a whole?

Thanks in advance

Foxy-Stoat_3

tp023 wrote: »

Speculatively looking at a pub conversion at the moment (ground floor pub is operational but would be closed and sold with vacant possession). It has a self contained accommodation (Liveable) on the upper floors and planning to convert ground to residential (which I would intend to use it for). The question is how will the mortgage company value the property?

Thanks in advance

How is ANYONE on here going to know the value of this property based on the information you have provided?

tp023

Apologies for the confusion. Will they value based on the self contained accommodation only or as a whole?

opinions4u

Are there any lenders that would lend on a property above a pub?

I'd be surprised.

tp023

opinions4u wrote: »

Are there any lenders that would lend on a property above a pub?

I'd be surprised.

The pub would be closed and the whole property sold and converted to residential. Intention is to live in the accommodation on the upper floors until conversion is complete.

amnblog

you need a specialist lender and arrangement for this - and a decent sized deposit (probably 30 to 35%)