Does anyone know anything about live/work properties in the UK? I have seen a new development near me and some are available on a live/work basis, but I don't know if it's work doing. Are there any tax advantages? Is my mortage likely to be much higher?

Any advice appreciated,

Live work properties make sense if you really do intend to operate a business from your home. They will require you to get a commmercial mortage and you will be liable for business rates on the portion of your property that is designated for the business as well as possible capital gains tax on that portion when you sell.

Usually live work properties are sold at a much reduced price to residential properties in the same location. Because of this some people have been misled, or confused and bought these properties with the sole intent of using them as residential accomodation. This was highlighted recently in Hackney when the council sent out notice to residents of one particular live/work building that the people living there who were not running a business would have to leave!