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BTL mortgage - not in employment
getgobby
Posts: 78 Forumite
Hi,
Looking for some guidance here. My situation is that myself and my partner fully own 1 property outright, never had a mortgage before.
Both myself and my partner are currently not in employment and not looking for work either (nor claiming benefits), but I am thinking is it possible to get a BTL mortgage on another property, and use my home as equity against it?
Also, in the situation where I would like to buy a bigger house and move into that (covering the difference with cash) is it possible to obtain a BTL mortgage on my existing property and rent that out, and with the cash from that combined with my savings, purchase the more expensive house?
Thanks
Looking for some guidance here. My situation is that myself and my partner fully own 1 property outright, never had a mortgage before.
Both myself and my partner are currently not in employment and not looking for work either (nor claiming benefits), but I am thinking is it possible to get a BTL mortgage on another property, and use my home as equity against it?
Also, in the situation where I would like to buy a bigger house and move into that (covering the difference with cash) is it possible to obtain a BTL mortgage on my existing property and rent that out, and with the cash from that combined with my savings, purchase the more expensive house?
Thanks
0
Comments
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you wont get a mortgage without income .To release equity from you house you need a mortgage"Do not regret growing older, it's a privilege denied to many"0
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