UK Landlord Forum / Life

Hi all first post on here so hoping to get to know all you grumpy LL'S

Plesentrys put the way down to brass tax

I have a rental with a large plot (reason why I bought it) and I'm looking at ways of splitting the land and building projects,  I'm a builder so that side is covered, spoke to an architect and it's possible and he can't see why there wouldn't be and issued with planning permission going through. 

Spoke to mortgage company about splitting the deeds and they won't allow it even if I gave them the cost of the land effectively buying it out of the mortgage, as they don't lend to developers.

What I'm asking is does anyone know how to get around this the fixed rate is coming up so remortgaging to a company that would allow it is a possibility.  Or and investor loan to buy it outright split the deeds then remortgage and pay the investor loan back.

Any other ideas as the above is very expensive.

Thanks for any input. 

Which lender is it? Paragon allow this, I ve spoken to them recently

Release of land, separate the title - split the title before planning is approved if you want to keep the value of the land down.
Are you still retaining the mortgage on the house and will the house still
Offer the security for the lender, ie it's worth the value it's loaned at (inc the deposit paid)