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can you have 2 mortgages?

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chipsdog
chipsdog Posts: 450 Forumite
in Mortgages & endowments
my son is buying his flat, he now wants to buy a house with his girlfriend, they jointly earn £60k, he wants to keep the flat and rent it out. The FA he has seen has told him this is not allowed and that he needs to get a buy to let mortgage on the flat, he doesn't want to do this as the rent will cover the flat mortgage - is this information correct? thank you

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  • Senior_Paper_Monitor
    Senior_Paper_Monitor Posts: 2,918 Forumite
    Part of the Furniture Combo Breaker
    The FA is correct - or he 'may' get permission to let from the current lender
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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