What is the minimum floor space required to obtain a mortgage on a studio flat?
Indicates the area in square metres required when lending on studio flats.
More Information on Studio Flats
Lending policy will certainly vary when it comes to the suitability of studio flats. Some lenders will see these as being unacceptable whilst others may consider them based on valuers’ recommendations as to condition and market demand. Very often minimum floor area requirements will apply to studio flats, for example not less than 35 sq metres.
What is Criteria Brain?
Criteria Brain is an online research tool for UK based mortgage advisors. Authorized advisors are able to research mortgage lenders criteria in granular detail across many lenders. Without a system like this, the advisors research phase can often take many hours and for complex cases, days, which results in frustrating delays to customers. Criteria Brain fixes this problem by providing a platform which lenders can upload their rules to, in a format that allows advisors to extract the precise information they need in great detail and very quickly. The information contained within Criteria Brain is for advisor use only but by completing the simple form, you could be speaking to an advisor who can answer this question and many more.
Property Type: Studio flat