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Buy to Let Mortgage and New Mortgage with same provider Pros and Cons
sleeps
Posts: 22 Forumite
I am in the process of getting a Buy to Let and a New Mortgage and would like to know what is the PROs and Cons of having both mortgages with the same provider or would it be better/safer with different providers?
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Comments
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The main con that i can see is that your probably not going to get the best deal by placing both with the same lender.
You will only have to send in 1 set of documents to a provider if they both go to the same place but theyre both generally underwritten differently so you may still have to provide different documents.
Personally i would want to go with wherever can off me the best deal for what i want - were not talking about small amounts of money here so it could easily add up to be a significant amount of savings.I am a Mortgage AdviserYou 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.0
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