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Re: Mortgage for barn conversion - complicated circumstances

  •  Fri, Jul 03 2009, 4:34 PM

    Re: Mortgage for barn conversion - complicated circumstances

    hello

    A cople of thoughts on this:

    One is that the financial services partners of umbrella outfits like Parasol are understanding about contractors income and may be able to help with a conventional mortgage. Have a look for Contractor Financials Ltd. I've not used them, so buyer beware and all that.

    Next thought is that, assuming the barn is not yet converted, you are likely to have some problems through a conventional mortgage company. Best to try Buildstore I would think. They helped me some years ago to get a mortgage on an unconverted barn. Their details are on the web, or in one of the self build magazines like Homebuilding and Renovating in WH Stiffs. The Buildstore people have a desk in the self build exhibition place in Swindon. Otherwise they are Scotland based and you have to do everything over the phone.

    Lastly.. Not wanting to dampen any enthusiasm, but from my experience a barn conversion is fraught with snags. My architect went over budget by 2 pi, and I had built 6 houses before this so had a bit of experience. If it would help to type some more about this, do please reply.

    all the best

    mumbler

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