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But 2 Let mortgages
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magicgenie
Posts: 102 Forumite
I have 2 properties and am buying a 3rd:
1 'flat' (which I live in) on a repayment mortgage with the Halifax 4.99% the deal ends in Sept, £150 redemption penalty.
1 '2 bed terraced house' with the Coventry on a 'buy to let' mortgage 6.2%, lock in period has ended.
I'm buying a 3rd '2 bed terraced house' B2L cost 50k.
I'm going to have to remortgage my flat to pull 15k out of the equity to buy my 3rd house. I owe 52k on my flat so I guess i'll need a mortgage of 67k, which should be fine I earn 30k.
So, I'm looking for good mortgages for my flat and a new B2L mortgage for the new house. But my main question is really regarding B2L mortgages, I wondered if anyone has recently looked into B2L mortgages and has found any good ones, i'm not even actually sure if the 6.2% is a good mortgage on my first B2L.
Apologies if I haven't posted all the necessary info, or if I've just bored you rigid.
kind regards
Alex
1 'flat' (which I live in) on a repayment mortgage with the Halifax 4.99% the deal ends in Sept, £150 redemption penalty.
1 '2 bed terraced house' with the Coventry on a 'buy to let' mortgage 6.2%, lock in period has ended.
I'm buying a 3rd '2 bed terraced house' B2L cost 50k.
I'm going to have to remortgage my flat to pull 15k out of the equity to buy my 3rd house. I owe 52k on my flat so I guess i'll need a mortgage of 67k, which should be fine I earn 30k.
So, I'm looking for good mortgages for my flat and a new B2L mortgage for the new house. But my main question is really regarding B2L mortgages, I wondered if anyone has recently looked into B2L mortgages and has found any good ones, i'm not even actually sure if the 6.2% is a good mortgage on my first B2L.
Apologies if I haven't posted all the necessary info, or if I've just bored you rigid.
kind regards
Alex
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