Mortgage On Second Property

[kanwal3017]

Can I get a get buy to let mortgage on a second home if I pay off the mortgage on the first house?

[AuntPollyGrey]

You can get a buy to let mortgage(s) and have a residential mortgage at the same time if you qualify.

[ubasses]

Yes, you can also have the 2 different types of mortgages at the same time. They will both be assessed separately.

[AuntPollyGrey]

You will need a substantial deposit for a BTL mortgage, and some companies will expect you to prove you have enough income to cover three months mortgage repayments should you lose your Tenant. A good independant Mortgage Broker would be my first port of call.

[ElanaWeeks]

i can recommend a good one in Manchester. They've got a fantastic team ,they took all the worries, the hassle and the stress . They didn't leave any question unanswered and was really sopportive . https://manchestermortgages.com/ If you are in the search for excellent mortgage brokers in the Manchester area I wouldn't look any further