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Second Home Mortgage
Lotus43P
Posts: 6 Forumite
Contemplating buying a second property in the future to be bought as our retirement home which will not be rented out. Will keep our current home as well and use the second home at weekends/hols until retirement.
Could any brokers out there give some advice as to which providers lend on second homes? Would like to read up as much as possible before speaking to a mortgage advisor.
Could any brokers out there give some advice as to which providers lend on second homes? Would like to read up as much as possible before speaking to a mortgage advisor.
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Comments
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It will be easier to mortgage or increase the mortgage on your existing home and buy the second one with cash.0
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You need to provide many more details such as both of your ages, your income, your retirement dates, plus any savings/cash you have at the moment. Also indicate what the likely value of your current home (is it mortgaged currently?) and the cost of this second home.0
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No - we cannot give you names of providers as that could be seen as 'advice' which we cannot provided without knowing your full circumstances.
Many mainstream lenders will do this subject to overall affordability.
Once again - one for a broker to handle.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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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