Applying for a 2nd Mortgage

yus786

Hi

I have a mortgage with the One Account (Virgin) which i shall complete early 2014. Actually i am stoozing at the moment, so am not paying any interest and my balance is actually around zero.

I have seen another house, would i be able to take another mortgage as long as i can make the payments?

Or would i have to wait till my existing one finishes.

Cheers

kingstreet

You can,within reason, have as many mortgages as you can afford. The new lender will consider your current position and lend to you based on your credit worthiness, deposit and its current lending criteria.

Ensure you point out that the current mortgage will not end when the new mortgage starts.