Getting a mortgage on a house, which converted into two flats is not easy because most lenders tend to stay away in this sort of situation.
There could be different scenarios such as:
- House is split into 2 flats and you need a mortgage on the whole property.
- House split into 2 flats where the leaseholder/freeholder are the same.
- House split into 2 flats but no separate leases currently exist but will exist by completion.
- House split into 2 flats – one flat has a lease with owner/occupier in residence, but the other is rented out but has no lease and freeholder wants to remortgage this flat, but no lease will exist moving forward, and it, therefore, looks like a freehold flat.
If you need help in these scenarios I can help, please feel free to message me to discuss your personal situation.