Can I have 2 Mortgages? Get a Second Mortgage…
Can I have 2 Mortgages? By Nottinghammoneyman –
EXPERIENCED MORTGAGE BROKER
The answer is possibly YES you can have 2 mortgages …
There are many situations that require a person to have more than one mortgage…
We can help with this.
I’ll try and run through reasons for 2 mortgages here:
- Do you want a second mortgage to raise money on your existing home?
- Are you looking to rent out your existing home and purchase a new one?
- Are you looking to help your children out with a second mortgage?
- Do you require a second mortgage to purchase a buy to let property?
- Is your name on an existing mortgage and you are looking to buy a new property?
Second Mortgage to Raise Money
If you have equity in your home and are looking for a second mortgage to release some of this to fund a purchase then we can help. Quite often at this time if you are currently on a lenders standard variable rate, we are able to shop around and find a more competitive deal at the same time as releasing capital. A further advance with your current Lender is also an option.
If you are looking to move house but keep hold of your existing property with the view to let it out we will be able to help. Your second mortgage will be a new residential one. This type of move is known as a let to buy and is becoming increasingly popular in recent years. Please refer to the Let to Buy Mortgage of my website by clicking here.
Second Mortgage to Purchase a Home for your Children
If you are exploring the options available to you of helping your children or grandchildren with getting on the property ladder there are now many products that we can run though to achieve this.
If you are looking to purchase a buy to let I am able to help. You will be asked to produce a higher deposit for this than a residential mortgage. To read more about Buy to Let please click here.
Named on Existing Mortgage and Want to Buy a New Home
Are you currently named on another mortgage and would like to purchase a new property to live in? This is a situation that we come across on a regular basis especially due to divorce or separation and can often help.
Whatever your situation being to get a second mortgage, as an Experienced Mortgage Broker we are able to search 1000’s of mortgage deals on your behalf and recommend the most suitable product for you based on your individual situation.
If you in one of the situations above or would like to discuss another then please contact us through our website or give us a call for a free mortgage consultation….
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