Mortgages for residential house with converted barns

bothy

We have seen a dream houses that we want to move into but they have converted the pig sty and outbuildings into holiday lets that are currently let out on a weekly basis. Most of the old farm house we are looking at have barns that have been converted or stables. We are trying to find a mortgage to allow us to move but all the mortgages we have looked at have zero tolerance on lending to anyone buying a residential property with a holiday let or any commercial building that would be rented out. Can you please advice on were I look for such a mortgage, as we can't get a commercial mortgage as there is no real business and the residential mortgages are turning us away.

Dave_the_Ginger_Cat

I would view this as semi-commercial, and try to find a broker who does that.

I don't know any, but a google search brings some up:


https://www.google.co.uk/#q=semi+commercial+mortgage+broker


If you can get a track record from the previous owners, you may also be able to take this income into account

amnblog

If they are let out every week there must be income.


Are all the buildings currently on one freehold, or are the holiday lets on a separate to title (if so it would be easier)?


Have you been to a mortgage broker with this issue?