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When is a residential property become a commercial venture from a mortgage perspective?

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(@iamthelaw)
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Joined: 1 year ago
Posts: 83
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My wife and I are looking for properties that can earn us an income. Having come across a converted barn with some holiday cottages on the land. I have been advised that this is a residential sale.  

But when it comes to getting a mortgage on the site, the brokers were unsure as to how to present it. My argument is that it is no different from having a basement flat above a period property that is let out. 

Has anyone else come across a similar scenario? 



   
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