Affordable housing and office to resi conversions

Journalist: Anna Sagar, Mortgage Solutions / Specialist Lending Solutions

ended 07. May 2022

Looking to speak to mortgage brokers about office to residential conversions. 

  1. Have you been seeing more of this kind of business? Why do you think that is? 
  2. What are the challenges and opportunities with this kind of business?
  3. Some have called for removal of permitted development rights as it could negatively impact amount of affordable housing, what would you say to that?

 

1 responses from the Newspage community

As working from home becomes the new norm and hybrid working takes over, we have a perfect opportunity to convert unloved office space into usable residential homes. Given a chronic shortage of new homes being built, it would make sense to use what available space and already built property we have to alleviate the housing problem.