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Can I get a residential mortgage while my other property is on consent to let?

Danny1981
Danny1981 Posts: 5 Newbie
Name Dropper First Post
in House buying, renting & selling

Need advice: Getting residential mortgage while keeping existing property on consent-to-let

Currently have a property with Halifax on consent-to-let (renews annually, no issues so far - expires April, will be 3rd renewal). Still mid 5-year fix.

Want to buy a new place to live in with a residential mortgage. Worried lenders will either:

  • Force me into BTL on the new property (can't afford 25% deposit), or
  • Make me convert existing property to BTL (would trigger massive ERCs)

Rental income covers existing mortgage + profit. Salary can cover new residential mortgage. Affordability isn't the problem.

Has anyone successfully done this? Any lenders or specialist brokers who handle this scenario?

Thanks


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