Mortgages for Studio Flats

This may mean they are unable to purchase the studio flat they have set their heart on or, alternatively, they may not be able to remortgage to a better deal or raise monies for home improvements, debt consolidation etc.

Lenders often tell us they are reluctant to lend on studio flats as they are concerned that, in general, the demand for studio flats is typically lower when compared to 1 and 2 bedroom flats. As there is lower demand then this could affect the resale value of studios flats and therefore make it more risky for the lender to offer a mortgage.

However, we appreciate that this broad-brush tick-box approach does not work for all studio apartments. It all depends on the size of the studio flat and its location. For instance, it is hard to see how a studio flat in a prime Central London area would not be in demand given its location.

We appreciate it is important to look at every case on its own merits in a careful manner. We do assist clients who have slightly unusual circumstances or wish to purchase unusual properties.

If you would like to see whether we can help you with your right to buy purchase, do get in touch for a free no obligation quotation either by telephone or sending us an enquiry.