Main residential property / One title / Two tenanted buy to lets

I’m buying a property which has other property on the same title. Easy to mortgage right? No. No it’s not…

The challenge

Our client bought a property to live in. On the very same title it came with 2 other houses which were currently tenanted.

In some cases it’s easy to just split those properties onto separate titles, but due to the need for speed, and a few other variables, it prevented us from doing so.

Most mainstream lenders will not lend in this circumstance. It has to be either a residential property, or a buy to let. Not a mixture.

Most lender won’t consider more than one property on the same title, and some even get funny about annexes!

The solution

Private banks are much better at this sort of scenario than the high street / mainstream / vanilla lenders, and in some circumstances, their rates can be better too!

Thankfully the lender we placed this case with was absolutely fine with this situation and had financed this sort of deal on many occasions.

After thought

You do have to pass a certain threshold with most private banks in terms of income and net worth, but we have great relationships with private banks to assist in all sorts of weird and wonderful situations.

Other case studies

David was absolutely amazing, from helping us find the right mortgage, to advising us, to being on hand for silly questions we had. Nothing was too much trouble for him. I will absolutely be recommending him to our friends.

Frederica Turner