We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Best mortgage lender for flat above shop
o_wrightGB
Posts: 1 Newbie
Hi,
I am looking to purchase a flat above a shop and with shops on both sides (A1). I understand that there are risks in terms of the potential for the use of the shop below to change, but I do think that the asking price compared is sufficiently low compared to other local property to account for this (discounted by ~35%).
The flat has private entrance and in general is set up in such a way that I don't think noise is likely to be too much of an issue (recently renovated, very thick double glazing and only has windows onto an inaccessible narrow street) .
I have got a couple of AIP, but I am fairly nervous about actually getting the mortgage. I don't suppose anyone could recommend a mortgage provider that is particularly relaxed around flats above commercial property, or warn me of ones to potentially avoid. I have a 15% deposit and would be a FTB.
Thanks very much.
I am looking to purchase a flat above a shop and with shops on both sides (A1). I understand that there are risks in terms of the potential for the use of the shop below to change, but I do think that the asking price compared is sufficiently low compared to other local property to account for this (discounted by ~35%).
The flat has private entrance and in general is set up in such a way that I don't think noise is likely to be too much of an issue (recently renovated, very thick double glazing and only has windows onto an inaccessible narrow street) .
I have got a couple of AIP, but I am fairly nervous about actually getting the mortgage. I don't suppose anyone could recommend a mortgage provider that is particularly relaxed around flats above commercial property, or warn me of ones to potentially avoid. I have a 15% deposit and would be a FTB.
Thanks very much.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards