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current buy to let mortgage want a new mortgage

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dorrellm
dorrellm Posts: 35 Forumite
Tenth Anniversary 10 Posts Combo Breaker
in Mortgages & endowments
I currently have a buy to let mortgage. I wish to buy a new home with 85% LTV but do not want it to have any effect on the current buy to let mortgage i have. Is this possible or would they be linked.

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  • Typhoon2000
    Typhoon2000 Posts: 1,171 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Any new mortgage wont have any effect on your existing BTL at all. However your BTL may have an effect on your affordability calculation for you new mortgage with some lenders.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    The mortgages will not be linked.

    You will need to find lenders happy with the property in background - and happy with the rental coverage that exists.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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