📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

remortgaging a buy to let

Options
i am unemployed due to sickness and not resident in UK anymore...i have 2 buy to let properties....1 is paid worth 250k another is worth 180k the mortgage is 129k

is it possible to mortgage a buy to let paid house to repay another mortgage??

i live in spain now....and i dont expect to come back...spanish banks dont do foreign mortgages......

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    cyllan wrote: »
    is it possible to mortgage a buy to let paid house to repay another mortgage??

    No it isn't. Suggest you think through your long term plans given your circumstances. As kicking the can is only possible for so long. Increasing your level of debt isn't going to improve matters either.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.