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hi everyone. I am looking for some advice. I currently live in a maisonette on the first floor and recently downstairs went on sale. I currently have a mortgage and I am am looking to get a buy to let mortgage (which would be my second) to rent buy and rent downstairs out and in the future I have aspirations to convert into one property.
what are the issues to consider?
I am a share of the freeholder and believe I could get a majority to agree to these works.
I don’t believe I need planning as it’s internal and my local plannning policy has nothing descriptive about this subject.
I do have concerns with how the mortgage would work. I assume I would inform the mortgage company and hope they could combine my mortgage into the one propert?
has anyone done this before or have any real experience to help me think this through,
Thankas a lot
what are the issues to consider?
I am a share of the freeholder and believe I could get a majority to agree to these works.
I don’t believe I need planning as it’s internal and my local plannning policy has nothing descriptive about this subject.
I do have concerns with how the mortgage would work. I assume I would inform the mortgage company and hope they could combine my mortgage into the one propert?
has anyone done this before or have any real experience to help me think this through,
Thankas a lot
