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Mortgage issues

Posted: Mon Apr 20, 2020 4:54 pm
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

Posted: Thu Apr 08, 2021 1:34 pm
by warby002
I know this post is old but can you put the holiday let on a separate title?

Posted: Thu Apr 08, 2021 3:02 pm
by jafa
Try Handelsbanken theyll do it.