We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Can you have 2 mortgages
Options
LULULU1
Posts: 462 Forumite
Very simple question.
We have a mortgage but would like to buy a property jointly with our son.
Can we hold 2 mortgages. We do not want a buy to let one.
Many thanks in advance.
We have a mortgage but would like to buy a property jointly with our son.
Can we hold 2 mortgages. We do not want a buy to let one.
Many thanks in advance.
0
Comments
-
Yes, as long as you can afford it, and have a suitable deposit
0 -
Yes, you can have more than one mortgage.
Most people fail on affordability though.0 -
opinions4u wrote: »Yes, you can have more than one mortgage.
Most people fail on affordability though.
Could you afford both mortgages if your son was to lose his source of income? Something the lender would weigh up.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards