Does anyone here know if today's mortgage lenders are happy to lend on flats set up with the new Commonhold arrangement as opposed to the older Leasehold arrangement?
What is their attitude to lending on (a)shared freehold, (b) commonhold, and (c) traditional leasehold?
I have a house that is converted into two flats and I want to sell both flats. I have to decide which way to go re the above options. Naturally, I want something that mortgage lenders approve of - so as to make it easier for potential buyers to raise a mortgage on the flat.
Thank you for any advice or insights.
Jake