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let to buy
biffow
Posts: 5 Forumite
we have a flat worth 300k and were going to sell and buy another. have decided though to try to keep it as a long term investment. we have a very favourable tracker mortgage with hsbc which is portable (40k). are we able to take this residential tracker with us to buy the second flat and increase it as our incomes have risen? can we then get a buy to let on our first flat based on the rental income and use the equity released (75% 260k =195k) as a deposit? we have tried to talk to hsbc but the adviser was not a buy to let specialist and we are confused.
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