Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • 1295keg
    • By 1295keg 11th Oct 17, 8:53 AM
    • 1Posts
    • 0Thanks
    1295keg
    Second mortgage
    • #1
    • 11th Oct 17, 8:53 AM
    Second mortgage 11th Oct 17 at 8:53 AM
    I'm a home owner and would like to purchase a second property, to refurbish it and sell on for a profit. I have a 25% deposit. Do I need a commercial mortgage for this please, ?
Page 1
    • YHM
    • By YHM 11th Oct 17, 10:46 AM
    • 299 Posts
    • 97 Thanks
    YHM
    • #2
    • 11th Oct 17, 10:46 AM
    • #2
    • 11th Oct 17, 10:46 AM
    How long do you intend to take refurbishing it?

    This process is called 'Flipping' and is usually funded by Bridging Loans, dependant on timescales, costs etc
    I am a Mortgage Broker.

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

72Posts Today

3,238Users online

Martin's Twitter