However, there are no regulations but there is guidance on what is acceptable but in the end it really boils down to personal preference.
In most cases 2.1m is seen as a comfortable minimum, but we have gone as low as 2m, and even as low as 1.75m into dormers.
One point to bear in mind is the future resale value of the property; this may be compromised if you adopt a low conversion.
The solution you mention has been done in similar circumstances and we converted the loft space, without having to lower the ceilings.
We have just launched a new design service for our clients. We would be pleased to provide you a quote for feasibility study to assess viability before committing to major project works.
Jeremy Wedge MIstrutE CEng on behalf of Loft Conversion UK