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Buying a 2nd house getting a second mortage
Altern8
Posts: 38 Forumite
Hi
It looks like I should be buying a 2nd house soon, Now the house needs completly gutting, We will be buying the house to sell on after its done up.
What sort of mortage would be best for me and what sort of deposit will i need?
Thanks
Craig
It looks like I should be buying a 2nd house soon, Now the house needs completly gutting, We will be buying the house to sell on after its done up.
What sort of mortage would be best for me and what sort of deposit will i need?
Thanks
Craig
0
Comments
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A flexible with no redemption penalties.
Deposit is subject to you income and adverse history.
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
are there any specialist companys who will offer me a 2nd mortage My company wont
Principality0 -
See a whole of market mortgage adviser.
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
unless you moved money from your current home by increasing its mortgage, I would think you would need 15% deposit to get a good interest rate. Plus money to refurbish.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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