Mortgage for house purchase with rental income flat

paulmc100

First post here so please be gentle!

We're looking at purchase options related to buying a big old house which also comes with a rather swish self contained two bedroomed 'coach house'. We're going to be stretching things to finance the purchase on a regular mortgage, but in view of the strong rental potential of the annex we were wondering if there are maybe loan providers out there that might just do a kind of 'part regular mortgage/part buy to let' type arrangement?

If its possible, does anyone have any ideas or experience of this kind of finance arrangment? Comments/ideas on the pro's and con's would be much appreciated too.

Thrugelmir

Could you can give us some finanacial data to chew on?

paulmc100

Thanks for the input.

The basic figures look like this:-

Purchase price £360K, we have £200K cash and can raise another £100K on a regular mortgage. We're reckoning on generating between £400 - £500/month on the rental income, which we hope would be sufficient to cover the extra £60K borrowing on the buy to let element.

Cheers