FONT=Arial]I hope someone may be able to give advice to a problem I am having selling a house.
The house is a freehold property, but is divided into two flats (not a conversion, it was built that way) each with its own front door and no internal access from one to the other, and has its own metered services.
The house is my late mother's and I am the executor. I have had a number of people interested in buying it but when it comes to getting a mortgage, the building societies are not willing to give a loan.
It has been suggested that I should have the deeds altered to separate the upstairs and downstairs flats and make them leasehold.
Will this make the house more acceptable for a loan ?
Who will have title to the freehold, I just want if off my hands ?
Any advice would be gratefully received.[/FONT]
The house is a freehold property, but is divided into two flats (not a conversion, it was built that way) each with its own front door and no internal access from one to the other, and has its own metered services.
The house is my late mother's and I am the executor. I have had a number of people interested in buying it but when it comes to getting a mortgage, the building societies are not willing to give a loan.
It has been suggested that I should have the deeds altered to separate the upstairs and downstairs flats and make them leasehold.
Will this make the house more acceptable for a loan ?
Who will have title to the freehold, I just want if off my hands ?
Any advice would be gratefully received.[/FONT]