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Can you have 2 mortgages
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
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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
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