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Found 5 results

  1. Hi My father-in-law's interest only mortgage ends in around 18 months. He does not have the cash to settle the outstanding amount, and due to his age is not going to be able to remortgage over a term that will make it affordable for him on a monthly basis. Being a builder, he took the decision a couple of years ago to split his property (which he originally built himslef, and is a detached property) in to two with a view to selling one half of it to fund the mortgage, now that all his kids are grown up and moved away. He did not speak to the mortgage company before commenci
  2. Hi all, Looking for some advice as I don't seem to be able to get a clear answer from estate agent or potential conveyancers. I'm selling a property which has planning permission for the garden, as two 'lots' - the house as one, the land as one. I own both freehold and leasehold of the property, which is registered as one title at present. I'm selling the house to one party, and the land to another party. I understand I will need to split the title, but not how to do it, what it will cost, and if I need to sort that out before going ahead with th
  3. I'm a newbie to the forum and started my property investment journey last year. I live in London and would have liked to invest close to home but put off by prices. So the first property I did was a 6 bed HMO in Bolton. Had a few problems but good learning curve and now fully let and managed by agents and making about £900 profit a month. I have just had an offer accepted on my second property also in the North West. Its a former pub which has been converted into 4 flats, 3 x 2 bed and 1 x 1 bed. It also has 4 garages with it. The flats are all let out and the annual rent is £19
  4. Hi! I have a question, I own a 3 bed flat with my partner in London. It is a leasehold prop (999 years remaining) but I am a shareholder of the company that owns the freehold so we own a share of the freehold. I am considering a title split and a division of the flat in 2 one bed flats. Since the property is mortgaged, can I do this? is it viable? thank you in advance MF
  5. Hello, I live in south east London and have for some time thought that I could split my property currently a 4 bedroom property into two x 2bed properties and significantly increase the value. I wanted to know if anybody had done anything similar and if they had any tips or advice. I have put some details below. - The property we live in was originally a 2 bed end of terrace which the previous owner extended to make into a 4 bed property. The 4 bed property is worth around 400k but as two separate properties would be worth around 550k. - Another person did something similar further down the
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