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Is it difficult to get a mortgage on a studio flat?

Brodel · 2014-04-23 06:43:18

Hi, I am looking to purchase a studio flat that is below 30 sq m in SW London. I'm in the fortunate position to be a cash buyer and have put an offer in on a place recently. The estate agent seems to think I have a good chance and mentioned the other person interested in the flat may have difficulty getting a mortgage on…

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First_time_buyers Posts: 8 Forumite

25 September 2014 at 7:45PM

Hi there,

I was just wondering if you had any luck on this. I have just had an offer accepted on a purpose built studio which is part of a small 3 storey block. Problem is it is 25 sq ft and now I am worried about getting a mortgage.

I have a decision in principle from London and country and they are trying to find me a lender and will get back to me tomorrow but now worried about future saleability and remortgaging.

The flat is zone 2 London and part of a very nice block.

Feeling rather conflicted now.

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Is it difficult to get a mortgage on a studio flat?

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