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Top up mortgage for BTL
lagi
Posts: 590 Forumite
Currently with Nationwide, my deal finished a while ago and am on their BMR which i am happy with as its lower than anything else, plus their is no limits to overpaying.
I would like to up my mortgage to buy a cash BTL. (maybe 60-80k)
As i am currently overpaying, i could cover both payments if need be.
What i wanted to know was, would i be able to stay on my current deal or will they try to make me go onto another? Or would it be a separate entity?
Would i have to say what the money was for, could it be for home improvements/etc?
Would appreciate some advice on whats my best options, thanks.
I would like to up my mortgage to buy a cash BTL. (maybe 60-80k)
As i am currently overpaying, i could cover both payments if need be.
What i wanted to know was, would i be able to stay on my current deal or will they try to make me go onto another? Or would it be a separate entity?
Would i have to say what the money was for, could it be for home improvements/etc?
Would appreciate some advice on whats my best options, thanks.
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