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Mixed use (or not)
I am considering making an offer on a property. It is mixed use. It is a house and 2 large industrial units (former outhouses) attached.
The seller says it is not mixed use, just a house with a large garage (larger than the house).
If I apply for a normal, not mixed use, mortgage but then lease out the industrial units to companies will I be in trouble with bank? insurance companies? council?
How do I check if the industrial units are even legal to use as such? Or does it matter since the current owner has been using as industrial/commercial use for several decades?
Any other pitfalls of this type of property?
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