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Mortgage for another property?
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[Deleted User]
Posts: 0 Newbie
I wonder if there are any mortgage brokers on here that could advise.
I own 2 flats in which one I live in and one I let out.
Equity wise I own the flat I live in with no mortgage.(£112000)
The 2nd I let out at £650 a month.(owe £96000 on a mortgage.).The flat is worth about £117000.
I have £43000 cash.
I only earn around £21000 as I have taken it a bit easier of late. I have the potential to earn £30000 but will take over my life somewhat. I am not married or cohabitation. I am thinking of letting out the flat I live in and buying somewhere else for myself.
I did have my own broker but she has since retired.
Anyway I realise that a lot more information will be required but does anyone feel this is worth even looking into further?
I am 45.
Many thanks.
I own 2 flats in which one I live in and one I let out.
Equity wise I own the flat I live in with no mortgage.(£112000)
The 2nd I let out at £650 a month.(owe £96000 on a mortgage.).The flat is worth about £117000.
I have £43000 cash.
I only earn around £21000 as I have taken it a bit easier of late. I have the potential to earn £30000 but will take over my life somewhat. I am not married or cohabitation. I am thinking of letting out the flat I live in and buying somewhere else for myself.
I did have my own broker but she has since retired.
Anyway I realise that a lot more information will be required but does anyone feel this is worth even looking into further?
I am 45.
Many thanks.
0
Comments
-
It might depend on the purchase price of the new property.
You could probably get a BTL mortgage on the current flat depending on the rental income you'd expect.
Why not call another broker and see what they have to offer ?0
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