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Mortgage advice on second property
twistedpro
Posts: 16 Forumite
Hi i am looking for some advice, i currently own a flat and i have got permission to rent from my current lender on a fixed mortgage.
I am looking at buying a second property with a value of 215000 and am looking for a mortgage on this property. I was initially looking at a mortgage of 155000. I have the ability to increase the deposit to 40% of the value taking the mortgage down to 129000 and was wondering what peoples opinion of the best deal would be.
Should i look for a fixed rate or look for a tracker, will have a problem due to having the first property? I have a rental offer of 900 per month on the current property
I am looking at buying a second property with a value of 215000 and am looking for a mortgage on this property. I was initially looking at a mortgage of 155000. I have the ability to increase the deposit to 40% of the value taking the mortgage down to 129000 and was wondering what peoples opinion of the best deal would be.
Should i look for a fixed rate or look for a tracker, will have a problem due to having the first property? I have a rental offer of 900 per month on the current property
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