Two houses one title

Hello,

looking for advice, we are looking to buy a property that is currently two houses on one title.
we need finance due to the same title issue we cannot get a mortgage.
when we come to amalgamate the properties (waiting to find out if we need planning from local authority) will the finance be an issue or can we just change the charge to the new amalgamation?
At this point I’m not sure if they will place a charge across both properties to secure or against just the one.
how long does this process take as we will be on bridging finance with a cut off date to repay and would need the amalgamation to get a residential mortgage.

thank you for any info and help!

Hello Rachel - these are really Qs for the lender involved rather than ourselves. Much will depend on the lender, the mortgage product on offer and the 'risk profile' attached
You refer to two houses on one title so I'm unsure where any amalgamation would come into play - that only happens where you have two or more separate titles?
In my experience a lender would secure their loan against one title. If they won't and will only secure it against 'part' of the title then they may insist that you 'split' the title to enable that to happen
If that's the actual scenario then the following explains how to apply to split the title as appropriate

It is possible to split or subdivide the registered title of your property, however, if it is not as a result of a sale/transfer, it would be at the Registrar's discretion, and you would have to disclose your reasons for the request.

If you wish to lodge an application:

• You must apply on form AP1, notifying us that a transfer is not required.

• You must explain in a covering letter the reason why sub-division is required. 

• You will need to clearly identify the extent on a plan that complies with our registration requirements. You can find out information about plans in HM Land Registry plans: guide overview (PG40).

• If the land is subject to a mortgage, consent to the subdivision of title must be obtained from the lender.

• There is a fee of £40.00. Cheques/postal orders should be made payable to HM Land Registry. We do not currently accept card payments for applications.

Please be aware that we will only consider your request once a formal application is made, and we may refuse to proceed with the application if we consider that dividing the title would not be desirable.

If you choose to prepare the application yourself, send it to the following address:

HM Land Registry address for applications.

Land registration is complex, designed to protect legal and financial interests in property. There can be significant consequences for any error. Please consider seeking legal representation. Before making an application without legal representation, it is important to consider the benefits of using a conveyancer.

Once submitted if there's an urgency then a request to expedite should then be made separately - Request an expedite - GOV.UK 
If I have misunderstood the need to split rather than amalgamate then apologies and perhaps you could re-phrase the post and I can try again