Renovation

[timbobalob]

Morning all,

My wife and I are looking to move and have reserved a new build in a new village (with assisted move etc). In the process of waiting for ours to sell, we've been evaluating what we want and the compromises that we would be making with said new build - smaller house/garden and having the garage away from the house with no power (it would be crossing boundaries), which must be a sin on here

We're now looking the other end of the spectrum - buying a run down (possibly repossessed) property with the plan to renovate and make our family home. The ones that I've found so far are in nicer areas with much bigger plots and obviously the potential to add value is far greater.

Just a few questions though (all with the assumption that our house has sold)

• Are mortgages still available as normal on a repossession (if it's structurally sound)?
• How free are we to move walls/bathrooms etc inside an existing house without planning permission?

I also came across a barn for sale ready for conversion with consent for turning into a dwelling (currently just a structurally sound shell) -

• Do you think we would be able to get a standard mortgage for this or would be a speciality one, then a homeowners loan on top to complete the development?
• Where is the line between moving walls about in an existing house and putting up new ones (and possibly floors) in a building like a barn?

Neither property would be mansions and there would be a lot that we could do ourselves, bar the specialist work.

Thanks in advance for your help!

Tim

[timbobalob]

Good point! Must have been what I meant...