Yes, it is possible to get a mortgage on a studio flat under 30 square meters in the UK, but it can be more challenging compared to larger properties. Lenders typically consider small properties (under 30m²) as non-standard, and some may be reluctant to offer a mortgage due to perceived risks, such as limited market appeal or lower resale value.

Key Considerations:

1. Limited Lender Options: Not all lenders are willing to finance very small properties. You might need to seek out specialist lenders who are more open to non-standard properties.
2. Higher Deposit Requirements: Some lenders may require a higher deposit, sometimes around 25-30% or more, compared to the usual 5-10% for larger properties.
3. Interest Rates: The interest rates on such mortgages may be higher due to the increased perceived risk.
4. Property Location: Lenders may be more willing to approve a mortgage if the property is in a desirable location, such as central London or other high-demand areas where small flats are more common.
5. Property Condition: The overall condition and amenities of the studio flat may also play a role. A well-maintained, modern flat is more likely to be approved for a mortgage than an older, less well-kept one.

Steps to Improve Your Chances:

• Work with a Mortgage Broker: A broker with experience in non-standard properties can help you find lenders who are more likely to offer a mortgage for a small studio flat.
• Strong Financial Profile: Ensuring that your credit score is strong and that you have a stable income can improve your chances of getting a mortgage, even for a smaller property.
• Research Specialist Lenders: Some lenders specialize in buy-to-let or small property mortgages, and they may be more accommodating.

While it’s more challenging, securing a mortgage for a studio flat under 30m² is certainly possible with the right approach.