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can you have 2 mortgages?
chipsdog
Posts: 450 Forumite
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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The FA is correct - or he 'may' get permission to let from the current lenderHi, 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 ForumTeam0
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