Convert two properties into one

Hi All,

If I get planning to convert two adjoining properties into one does anybody forsee any complications?

Each property is mortgage seperately on trackers which I don't want to lose.

TIa
RB

An interesting question.

Are they with the same mortgage lender?

If they are not, either of them could repossess if one fell into serious arrears.

You should probably seek to do the conversion in some reversible manner.

I seriously doubt your two tracker mortgages will last that one!

The bank(s) would only be too happy to offload your trackers and put you on a standard variable.

One thing I'd suggest you do first is look at the market value of the two houses as they are now and try and find out if you combine the two what the market value you might be then? I'd suggest the market value for the single house may be less than that of the sum of two individual houses?

That may add further to your woes with the banks depending on your loan to value, etc., and how much of the mortgage(s) remain outstanding?

Yes both with the same lender.

I think you have confirmed what I think in that they would use it as an oppurtunity to get me off the tracker

Thanks for the advice