We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
New Mortgage alongside existing BTL
GregH
Posts: 79 Forumite
I was just wondering if anybody could help shed some light on my situation.
I purchased my first house on my own nearly 3 years ago, 12 months ago i moved back in with my parents and let my house out, changing the mortgage to a BTL.
I am now looking to buy another house with my girlfriend, who still lives at home, we have only just started to look into this. We would have a reasonable deposit between us, at least 15%, we both with a decent credit history and we are pretty much debt free, i occaisionally dip into the overdraft.
I was wondering how my exisiting mortgage would affect any new applications we might make?
Many Thanks
I purchased my first house on my own nearly 3 years ago, 12 months ago i moved back in with my parents and let my house out, changing the mortgage to a BTL.
I am now looking to buy another house with my girlfriend, who still lives at home, we have only just started to look into this. We would have a reasonable deposit between us, at least 15%, we both with a decent credit history and we are pretty much debt free, i occaisionally dip into the overdraft.
I was wondering how my exisiting mortgage would affect any new applications we might make?
Many Thanks
Mortgage
May 2014 - £255,000.00
Jan 2015 - £251.589.00
O/P To Date £194.04
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards