2 houses to 1

ashleyjwh

We have bought next door cash and wanted to combine the two house mortgage company (halifax we owe about 60k)say no can we get another mortgage company to say yes?

davidmcn

Maybe. But probably not as a standard residential mortgage, you may need some more specialist kind of development funding at least while you do the work.

eddddy

Maybe also ask some local EAs about the value of a combined property. Typically, you lose money by combining two smaller dwellings into a larger one.

But perhaps it's a lifestyle decision rather than a financial decision - i.e. you're prepared to lose some money in order to get a house you'd enjoy living in more.

Anyway, as davidmcn says, what you want to do is a development project, so you won't be able to do that with a residential mortgage. You're more likely to need development finance or bridging finance, until the new enlarged dwelling becomes mortgageable.

princeofpounds

I assume you have planning permission to combine the dwellings? For a starter no-one is going to mortgage a property that does not have valid PP.