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Second Residential Mortgage
mizrahman26
Posts: 37 Forumite
Hi
in need of advice for a second residential mortgage for 3 applicants, one of the three will be a first time buyer and the other two applicants already have a mortgage, can it be a residential or does it have to be a BTL even though this is not the case?
thanks
in need of advice for a second residential mortgage for 3 applicants, one of the three will be a first time buyer and the other two applicants already have a mortgage, can it be a residential or does it have to be a BTL even though this is not the case?
thanks
0
Comments
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Resi or BTL depends on who's going to live there.
Will any of the applicants live in the property?I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, 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 -
Yes aplicants all aplicants will live there and used as a second home0
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Then its a residential mortgage you need from a lender that allows second homesI am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, 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 -
Yes
You can do this but you need the right Lender.
Any completion after 1st April will incur an extra 3% stamp duty land taxI 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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