Small flat (less than 30 sq meters) - mortgage

SXX

Hello - I plan to sell my studio flat (approx 287 sq ft - but TBC) located in London (West kensington).   Do mortgage providers lend on flats less than 30 Sq ft?

housebuyer143

SXX said:

Hello - I plan to sell my studio flat (approx 287 sq ft - but TBC) located in London (West kensington).   Do mortgage providers lend on flats less than 30 Sq ft?

Some do in London. It has to be a really desirable area. Might be worth you advising any buyer to go to a broker to ensure the lender will lend. 

K_S

SXX said:

Hello - I plan to sell my studio flat (approx 287 sq ft - but TBC) located in London (West kensington).   Do mortgage providers lend on flats less than 30 Sq ft?

@sxx Not all lenders will consider but plenty of high street lenders will. As long as there aren't any other complicating factors in the block/flat/lease, it shouldn't be too much of a hassle to get a mortgage.

SXX

Thanks for the feedback.  It is a very good flat (even if I say so myself).  Very good location; good condition; long lease and no complicating factors in the block.   I am hopeful that lenders will take these  things into account.    And I see  a fair few small flats in being advertised in the surrounding areas - and I assume these sell.  But no doubt time will tell.