Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I am in process of buying a residential mid terraced property.
I am a first time buyer and got residential mortgage with 15% deposit.
However, I am looking to spilt the house in ground floor and first floor by taking advantage of new extension limit of 6m for rear ground floor and 3m for rear first floor.
I am new to this business and would like to put both flats on rent and buy another property for myself.
I am not sure how it works as I got 2 year fixed deal with current lender halifax.
Can someone advice me how to go about this and when will be the ideal time to do this conversion??
I dont mind to stay in this property until my current deal come to end however does it make sense to get planning approval and then complete work before 2016.
and as its mid terraced property, is it possible to get permission for conversion??
It’s got a 100 ft rear garden with free on street parking.
The local council is Watford.
Many thanks for all your inputs.
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