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Liklihood of getting two mortgages at high LTVs?
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What would happen if the BTL mortgage valuation came back lower than you think it is worth. If you had to reduce the size of the BTL mortgage, you would be over 95% LTV on the residential one.
If the BTL valuation came back lower than I my estimate (I have been working my figures out based on a lower estimate for caution anyway) then I simply can't take out a BTL mortgage. I think then we'd then decide whether to save to keep our current house depending how much more we had to save and how long it would take us to save for it.My favourite hobby is cutting up credit cards and bills whilst eating chocolate!
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