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2nd mortgage
paddy1_2
Posts: 1 Newbie
I have recently separated from my wife whom i currenlty have a joint mortgage with. I am happy with the way things are with regards the mortgage in that we are paying half each and it is not that high.
What I am hoping to do while we are taking a break is to purchase another smaller property to live in rather than move in with family or rent.
Are there any problems in getting a 2nd mortgage to purchase another home or do i have to prove that we have separated?
Ideally if things work out and we get back together then i would hope to use this property to rent out.
Does anyone have advice on this topic?
Thanks.
What I am hoping to do while we are taking a break is to purchase another smaller property to live in rather than move in with family or rent.
Are there any problems in getting a 2nd mortgage to purchase another home or do i have to prove that we have separated?
Ideally if things work out and we get back together then i would hope to use this property to rent out.
Does anyone have advice on this topic?
Thanks.
0
Comments
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As long as your income can support both mortgages you should be OK.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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