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Second residential mortgages
vimukthilk
Posts: 5 Forumite
Hi,
My brother and I are planning on purchasing a property jointly. He is a first time buyer and I am currently a home owner.
As I understand it, because I am a home owner, we will not eligible for a FTB mortgage. At the same time however this is not a BTL purchase either as the property will be home to him and our folks and possibly a second home for me. I will not be charging rent from him.
However I'm really struggling to find a lender who advertises mortgage products which suits our situation. They are either FTB, remortgage or BTLs.
Who does one turn to for a second residential mortgage in times like this?
Any sugesstions/advise will be gratefully received.
Thanks!
My brother and I are planning on purchasing a property jointly. He is a first time buyer and I am currently a home owner.
As I understand it, because I am a home owner, we will not eligible for a FTB mortgage. At the same time however this is not a BTL purchase either as the property will be home to him and our folks and possibly a second home for me. I will not be charging rent from him.
However I'm really struggling to find a lender who advertises mortgage products which suits our situation. They are either FTB, remortgage or BTLs.
Who does one turn to for a second residential mortgage in times like this?
Any sugesstions/advise will be gratefully received.
Thanks!
0
Comments
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vimukthilk wrote: »Hi,
My brother and I are planning on purchasing a property jointly. He is a first time buyer and I am currently a home owner.
Who does one turn to for a second residential mortgage in times like this?
A mortgage broker
I got mine though Halifax.Mortgage start September 2015 £90000 MFiT #060 -
Thanks Floxxie. Can I ask which mortgage broker you used please?0
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