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High interest rate due to second property

Hi I have recently bought an additional property with a second residential mortgage, since doing so I cannot get a good interest on a personal loan (Car) even though my credit report is good, how long will this be the case for? Will I ever be able to get a good interest rate on a loan while I own second property? 
Thanks Jamie 

Comments

  • Yes, of course.  But it depends on how lenders assess your risk. 

    Remember also that lending criteria have tightened, and over-indebted customers aren't going to get low rates anywhere.
  • macman
    macman Posts: 53,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Depends on the level of your debt vs your income. And you have of course substantially increased the former with your second mortgage.
    No free lunch, and no free laptop ;)
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