9:46 AM, 18th December 2020, About 3 years ago 5
Hi everyone, I have a BTL apartment in Scotland and have been enquiring about changing our mortgage from BTL to Commercial/FHL so we can start letting it out as Serviced Accommodation.
I am really struggling to get anyone to give me a quote for it as it’s my first time doing it, but also because a lot of FHL/SA mortgage products have been recently pulled from the market. One mortgage broker I spoke to on the phone today told me that she had heard that this was also, because there is a proposed law change pending for FHL/SA which could include flats in closes or enclosed hallways not being allowed to be used for this purpose.
Has anyone else heard of this upcoming law change? Im considering doing a GBP2,000 SA/FHL course on this subject, but not if this law change is pending. I’ve googled it but can’t find any reference to it.
Previous ArticleEICRs - communal areas?