View Full Version : Flats over Shops

07-05-2007, 19:35 PM
Hi I am looking at buying a flat over a shop (not food) to refurb and let out, it has a 125 year lease. I have not considered flats over shops before as I mainly stick to 2 up, 2 downs. I have one slight concern, which is how easy will it be to sell on in a number of year’s time. This is because some mortgage company won’t take on flats over shops and those that do charge a slightly higher rate of interest.
This may be a hard question to answer as there are so many variables but has any one found it hard to sell on a flat over a shop even if it is priced to sell.

07-05-2007, 19:40 PM
There should be no conveyancing problems if flat is self-contained, has own independent access, and is demised by a lease containing proper plan and service charge covenants (by L)/payment obligations (by T).