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!
Top up mortgage for BTL
Options
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.
0
Comments
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards