Residential mortgage on Multi Unit Flat Block

[trowelhead]

Is it possible to obtain a residential mortgage on a multi unit block of flats. For example, a freehold building divided into 4 flats, live in one and rent the other 3 out?

I know it is possible to buy for example an equestrian property, e.g a farmhouse (residential) with other outbuildings / cottages that would be rented out (commercial)...

[stut4]

you'd need a semi commercial for that if you plan to live in part.
a BTL mortgage from a specialist BTL lender would only lend if all parts are to be let out.
a residential mortgage lender is unlikely to lend if the other flats are to be let out - unless you could get a bespoke deal from a elite lender like Handlesbanken etc if the property was prime location worth millions.

[Killer2005]

From when I worked at Barclays the freehold would need to be in a management company name, then would need leasehold over the each individual units but they wouldnt do the full block under one mortgage.

[Rangeroverover]

Discussed this with my mortgage man, can be done with a secondary lender he says.....let me know if you're going to do this

[trowelhead]

Rangeroverover said:

Discussed this with my mortgage man, can be done with a secondary lender he says.....let me know if you're going to do this

How would that work - it's something i'd really like to do - if there is mortgageability...

[trowelhead]

I already know the high street banks are unlikely to touch this - i'm looking at the likes of shawbrook, aldermore etc the more specialist / bespoke lenders...