It is possible to get a mortgage on a property with two kitchens
It is possible to secure a mortgage on a property with two kitchens despite banks and building societies regularly declining these applications.
Mortgage lenders often worry that residential houses with two kitchens will be sub-let and breach acceptance rules.
Some lenders will look at applications more favourably if the client confirms the property will be for personal use or if any additional bedrooms/self-contained flats will be for grandparents or a nanny to live in.
Aaron Strutt, product director at Trinity Financial, says: "We regularly get enquiries from buyers struggling to purchase properties with two kitchens, and there are generally lenders willing to provide finance.
"We recently arranged a mortgage for a client who purchased a large house that was split into three separate flats. As the property was in a nice location and the client was looking for a larger loan, the bank agreed the borrower could return the house to a family home with a one-bedroom flat for an Au Pair."
It may be possible to remove the second kitchen between the exchange and completion
If the person selling the property is willing to let the buyer access the property between exchange and completion, a selection of lenders will allow applicants to remove one of the kitchens so it meets the lending requirements.
Other banks and building societies will put a retention on the mortgage and release the full funds once the kitchen has been removed. They may ask for a builder's estimate to confirm how much it will cost and send another valuer to check the work has been completed.
High street lenders are unlikely to accept an application if it will continue to have separate council tax payments or utility bills.
Buy-to-let mortgages for properties with two kitchens
If you are planning to purchase a house with multiple kitchens and it will be let, arranging a buy-to-let or a specific House of Multiple Occupation mortgage should be possible.
Call Trinity Financial on 020 7016 0790 to secure a two kitchen property mortgage or book a consultation
The information contained within was correct at the time of publication but is subject to change.
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