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Renting existing property & buying another...
gordon.hunter
Posts: 12 Forumite
Hi all,
currently have a mortgage for £209,000 with Nationwide on a BMR (Base Mortgage Rate) which equates to 2.5%.
Looking to re-locate whilst keeping current property for investment purposes.
If current property is successfully rented out to cover existing mortgage, does that allow us the full multiplier for a new mortgage?
Kind regards,
Gordon
currently have a mortgage for £209,000 with Nationwide on a BMR (Base Mortgage Rate) which equates to 2.5%.
Looking to re-locate whilst keeping current property for investment purposes.
If current property is successfully rented out to cover existing mortgage, does that allow us the full multiplier for a new mortgage?
Kind regards,
Gordon
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