Residential mortgage on Multi Unit Flat Block

Residential mortgage on Multi Unit Flat Block

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trowelhead

Original Poster:

1,867 posts

122 months

Wednesday 12th September 2018
quotequote all
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)...

trowelhead

Original Poster:

1,867 posts

122 months

Friday 21st September 2018
quotequote all
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

Original Poster:

1,867 posts

122 months

Friday 21st September 2018
quotequote all
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...