Can i get a second mortgage???

jobelle

Hi

I bought my first property in scotland of march last year (on a 2 year fixed rate interest only mortage to mar 2008) for 115k. Its now worth around 135 k. Ive had to relocate to south of england for new job and have rented my scottish property out - rent just covers mortage repayments and my lender is aware of the current rental details and will review this in 6 months if im still renting it out.

My sister is looking to buy a 2 bedroom property in england but is £30k short (in terms of mortage she can obtain etc) of an ideal amount to buy a decent property that requires no real work and is in move in condition. The rent we both pay just now is more than a mortage on 2 bed property. So my question is can i somehow get a small second mortage or can a lender take into account my income so we can get a joint mortage?? I currently have my mortage plus £22k other debts (student loan, and loan for car and work done on my property)

any advice appreciated!
thanks

herbiesjp

You should be able to get a joint mortgage, assuming your joint incomes are high enough to support the new mortgage amount and your existing debts