As it’s now a fast-food outlet our buyers can’t get a mortgage and we are paying for two properties
I bought a flat in Haringey five years ago, which was, at the time, above an empty A1 retail unit (which excludes most food-related uses). In late 2019, planning permission was granted to turn it into an A5 fast-food takeaway. This was despite the fact the site is opposite a school, and Haringey council’s public health team objected.
The construction was so disruptive we decided to sell, and the flat was valued at £300,000. We found a buyer and went ahead with buying a house. However, our buyer was unable to secure a mortgage offer because the flat was now above a chicken shop. We were unable to back out of the buying of our new house by that point, and had to take out a loan to complete the purchase.
