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advice on mortgage

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jilly55 | 17:57 Sat 28th Apr 2012 | Personal Finance
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Anyone know where i'd stand in this situation or a rough idea anyway, Got my house on the market, and a cottage i really want has come on to the market, any possibility i could rent my house out and get a mortgage for the cottage, i have £100,000 equity in my property plus i have £100.000 motgage, my partner owns a property too which he rents out and he owes about 30,000 on his mortgage
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Let to Buy (as apposed to Buy to Let) mortgages are available.

Obviously you would have to speak to a Mortgage Advisor who will assess your details but with 50% equity sounds promising.

Hope that helps a little. Good luck
Agree, it should be do-able but you will be looking at Buy To Let Mortgage.
It would be a Let to Buy mortgage, Jilly wants to let her original property to buy another, not buy a property to let out.
You can do it you would just have to meet the criteria of the lender i.e. certain LTVs etc

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