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2 properties 1 title

5 replies

bigburdd · 12/02/2021 23:09

Grateful for any advice on this!

We own a property that we bought without a mortgage so didn't encounter any of these problems. Unfortunately now we are trying to sell it and having all sorts of problems.

For sale is the one main house which has a postal address and all it's own utilities and also a self contained cottage in the garden.
As far as we were aware we were buying one plot of land with a main house and annexe.

This cottage is fully equipped with its own shower room, kitchen and gas ch, has its own postal address (rear of main house) separate utilities, council tax, phone line etc. The only thing the properties share is water.

Our buyer has pulled out (after 4 months of faffing) as they don't work in the UK and are struggling to find a lender to accept them not being paid in Sterling and also they consider the property to be 2 separate mortgageable residences.

Anyone have any idea what we can do?

We did speak to the council when we first bought the place as we didn't realise that we would have 2 x council tax etc. They said that possibly removing the kitchen and heating etc in the cottage would allow it to be reclassified but having the extra space is obviously a selling point (in the area of Snowdonia NP). And removing it all will lower the value!

OP posts:
WitchesBritchesPumpkinPants · 13/02/2021 00:04

I have less than no clue - sorry!

Give it a bump about 9am & hopefully you'll get some advice!

Viviennemary · 13/02/2021 00:10

I don't have any advice but if the properties have separate addresses and the rates are payable separately does that not mean they need to be marketed as such. Your solicitor should be able to advise you about the usual procedure for selling such properties. It does sound like a separate dwelling rather than an annexe.

Glendaruel · 13/02/2021 00:35

We've just bought a place that has one title deed but a house and cottage. They are quite common around here. We have separate bills and council tax. It's useful to know a couple places that do mortgages for your type of property. Cumberland building society does it as long as annex is less than certain percentage of total floor space, but they only cover Cumbria. We found them by googling and one of the forums suggested them. I think Santander also did, but can't remember now. We looked at using ours as a holiday let. If you rent it out like that you maybe able to switch from council tax to small business, then get small business rate relief. We ended up inheriting the tennant. As a seller it's worth doing your homework and knowing the different options so you can chat with buyers. As a buyer we hadn't originally planned to have a cottage but it made sense.

Glendaruel · 13/02/2021 00:37

Sorry, it was first direct someone suggested:
www.mumsnet.com/Talk/property/3937359-House-with-self-catering-annex-advice

bigburdd · 07/03/2021 20:20

Thank you for your replies.
New potential buyers surveyor going in tomorrow so fingers crossed!

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