Caution over legal questions about who will end up owning the separate modular homeMortgages can only be taken out on an ‘immovable’ property and not a temporary structurePersonal loans with higher repayments and not secured on main home are a finance option
Cabin buyer beware: mortgage warning from banks on new back garden houses
Homeowners planning to install back-garden cabins are being told they won’t get a mortgage for the temporary extension.
Any break-up of the ownership of the overall property could also be a cause for concern for homeowners when it comes to building a separate extension.