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Mortgage owned house to purchase BTL - what type of mort.
jase_31
Posts: 74 Forumite
Hi,
I have a residential mortgage on my own property. I also own another property without mortgage (cira 90k). I would take out a mortgage against this (50k) to finance a BTL property.
Is it likely to be a problem to raise a mortgage on a property owned outright? Would I need a standard residental mortgage, BTL or something else?
Rgds
I have a residential mortgage on my own property. I also own another property without mortgage (cira 90k). I would take out a mortgage against this (50k) to finance a BTL property.
Is it likely to be a problem to raise a mortgage on a property owned outright? Would I need a standard residental mortgage, BTL or something else?
Rgds
0
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