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Options to buy
fatbeetle
Posts: 578 Forumite
Hi hive mind.
We live in Australia but own, outright, a property in Cornwall. Our place is currently let out at £700.00 pcm The place next door has just come on the market for a reasonable price.
We do not have any cash for a deposit to buy another house, but is there some way of leveraging a mortgage on the second property, using our own, to buy to let?
This is purely whimsical speculation on my part BTW, but your thoughts and advice would be welcomed.
We live in Australia but own, outright, a property in Cornwall. Our place is currently let out at £700.00 pcm The place next door has just come on the market for a reasonable price.
We do not have any cash for a deposit to buy another house, but is there some way of leveraging a mortgage on the second property, using our own, to buy to let?
This is purely whimsical speculation on my part BTW, but your thoughts and advice would be welcomed.
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and who weren't so lazy.”
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Comments
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Probably one for the Mortgages board rather than here. But as you might expect, most lenders are wary of offering money to borrowers who aren't in the same hemisphere.0
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