Mortgage issues

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nicknsally
Posts: 4
Joined: Thu Mar 03, 2016 9:15 pm
Location: Cornwall
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Mortgage issues

Post by nicknsally »

Hi - I wonder if anyone has any advice on our mortgage problem.

We have a residential property with an outbuilding which we are in the process of converting to a holiday let. We own the whole property outright, no existing mortgage, but we need to borrow some money to complete the work. It is a small amount in relation to the value of the property (LTV is about 10%). We have been through two brokers now, both of which recommended lenders who in the end refused the loan because of the holiday let.

We'd be grateful for any suggestions.

Thanks

Nick and Sally
warby002
Posts: 10
Joined: Wed Apr 07, 2021 11:02 am

Post by warby002 »

I know this post is old but can you put the holiday let on a separate title?
jafa
Posts: 88
Joined: Thu Jul 06, 2017 2:08 pm
Location: Kirchberg in tirol
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Post by jafa »

Try Handelsbanken theyll do it.
Jafa
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