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  • Buy-to-Let

    Turning Derelict Shop Into 3 Flats

    Hi Guys.

    I have a Bridge Finance agreed but now I'm struggling to find a property.

    There is one that i know quite well as i renovated the property next to it years ago.

    Its a 4 storey building that was once a shop. slowly but surely the shops on the row have been turned into houses and flats. it has a back garden and is currently back to brick on the inside and has been an eye sore for years.

    I know i can pick it up for £60k and i would like to convert it into 3 flats.

    I would need to repay the Bridging Loan within 12 months. are there Buy To Let lenders that will mortgage 3 flats for me in the same building?

    From speaking to TMW i don't believe it would be something they offer.

    Thanks in advance.

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    Hi Michael,

    If you speak to the Property Tribes Brokers Team on 0333 3636507, they would be able to advise you, and also structure this in the most efficient way in order to minimise your costs.


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    Have you tried Shawbrook? You may need to go through a broker, but they are very helpful

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    Paragon will, if it's all on a single title (i.e. you hold the freehold).

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