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    • Woodlandfolk
    • By Woodlandfolk 26th Jul 16, 2:03 AM
    • 4Posts
    • 1Thanks
    How to sell house with integral annexe
    • #1
    • 26th Jul 16, 2:03 AM
    How to sell house with integral annexe 26th Jul 16 at 2:03 AM
    We're retired and DESPERATE to downsize! Unfortunately, potential buyers' mortgage applications are being rejected because our property incorporates a modest annexe which is built into the side of the house. (We live in a popular coastal area & we've always found the extra accommodation to be an asset when friends & family visit.) A friend who works in holiday letting says that we could gain a huge weekly income by letting our 1 bed annexe during holidaytime but we're now too old for the fuss.
    Structurally, it would be impossible to link the house and annexe although all services and utilities are shared. Apparently, this creates an insurmountable dilemma for mortgage providers.
    Any information/support/advice for buyers & sellers would be greatly appreciated
Page 2
    • Woodlandfolk
    • By Woodlandfolk 27th Jul 16, 11:06 PM
    • 4 Posts
    • 1 Thanks
    Thanks for your interest
    Many thanks for your reply.
    Our reasons for downsizing are increasing age and decreasing agility! There's no possibility of linking the upper and lower parts of the property, nor of separating the services. We pay two council tax bills and removing the kitchen would make no difference as the apartment is accessed independently. As mentioned, we live in a popular seaside resort where our apartment would normally be used as a holiday let but we've lost several sales because mortgage providers have 'issues' with this type of property. It seems unfair that enthusiastic young buyers are prevented from buying a family home with additional income potential. We'd be grateful for ANY mortgage advice for this type of property.
    • davidmcn
    • By davidmcn 27th Jul 16, 11:16 PM
    • 7,641 Posts
    • 7,773 Thanks
    There's no possibility of linking the upper and lower parts of the property, nor of separating the services.
    Originally posted by Woodlandfolk
    Can you explain why not? I can understand it being time-consuming or expensive but I can't believe it's impossible.
    • Woodlandfolk
    • By Woodlandfolk 14th Mar 17, 12:38 AM
    • 4 Posts
    • 1 Thanks
    Thanks so much for your replies. I haven't responded earlier because we remain in 'Limbo'! Just to clarify, we need to downsize because we're both elderly. Our house was built on sloping ground, with 2 stories on one side & 3 on the other. The integral annexe is accessed at ground level on the lower side; we also enter at ground level on the higher side. All utilities are shared and it would be very difficult (& costly) to separate the services. We've had several disappointed potential buyers who've struggled to get a mortgage because of the annexe. WHY?! All advice welcome.
    • Doozergirl
    • By Doozergirl 14th Mar 17, 8:49 AM
    • 25,000 Posts
    • 68,480 Thanks
    Is it on the market? Do you have a floorplan?

    Nothing is structurally impossible. Might be difficult, might even be expensive, but not impossible.
    Everything that is supposed to be in heaven is already here on earth.
    • hazyjo
    • By hazyjo 14th Mar 17, 11:02 AM
    • 10,512 Posts
    • 13,677 Thanks
    Could sell it at auction. Set a reserve. You will incur costs, but if it's in a popular seaside town with letting potential, it's probably your best way of attracting cash buyers who are ready to go...

    2018 wins: Single Malt Whisky; theatre tickets; festival tickets; year of gin(!); shoes
    • eddddy
    • By eddddy 14th Mar 17, 12:26 PM
    • 6,306 Posts
    • 6,171 Thanks
    So does the annex have a kitchen? If so, have you investigated the option of decommissioning the kitchen? (e.g. removing the cooker and calling it a utility room)

    Has somebody (e.g. a mortgage valuer) advised you that removing the cooker isn't good enough?

    What do the mortgage valuers actually give as the precise reason for refusing a mortgage?
    • MrsNubs
    • By MrsNubs 14th Mar 17, 12:44 PM
    • 98 Posts
    • 202 Thanks
    We bought a house a year ago with an annexe, although they do connect. We had a very limited pool of lenders who would consider a house with two functioning kitchens, but our broker found us one. The biggest problem may be that the two can't be connected. Sounds like your only option is to list the property as 'cash buyers only'
    Also, to answer your question about why - a self-contained annexe is too easy to sub-let which lenders do not want on a residential mortgage. Our mortgage specifically comes with a term forbidding any occupants who aren't family.
    • Woodlandfolk
    • By Woodlandfolk 22nd Jul 17, 10:36 PM
    • 4 Posts
    • 1 Thanks
    Apologies for a very belated reply to all suggestions
    Thank you! We are truly grateful for so many suggestions. [Although PLEASE believe me when I say that it's not possible to connect the 2 properties -- there are constraints in the landscape which simply will not allow this.] Admittedly, we were ill-informed when we bought the place 18 years ago. The apartment was already registered for separate council tax but this info wasn't passed on to us and it's now far too late to take issue with our solicitor.) We've also been advised that it would be futile to remove the kitchen as the flat is clearly purpose built with a bathroom, separate lavatory etc.
    So, no easy solution but many thanks to all of the kind people who've taken the trouble to reply.
    • OJ32
    • By OJ32 25th Jul 17, 4:41 PM
    • 3 Posts
    • 3 Thanks
    I am currently going through the mortgage process for a property with an annex. Admittedly it is attached but Clydesdale Bank will allow letting of an annex while you live in the main property so perhaps they wouldn't have a problem with a detached annex?
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