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flat in commercial property
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canaldumidi
Posts: 3,511 Forumite
A launderette has a flat above it, and a flat built on behind (own access rom the rear). Both flats on seperate (new) leases, with the launderette owner holding the freehold for the building.
1) Is obtaining a mortgage complicated by the commercial element in the building?
2) if so, why?
3) how many/which lenders would lend, and would the terms be more onerous/expensive?
4) would re-sale be more difficult?
Cheers!
1) Is obtaining a mortgage complicated by the commercial element in the building?
2) if so, why?
3) how many/which lenders would lend, and would the terms be more onerous/expensive?
4) would re-sale be more difficult?
Cheers!
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