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    • 1295keg
    • By 1295keg 11th Oct 17, 8:53 AM
    • 1Posts
    • 0Thanks
    Second mortgage
    • #1
    • 11th Oct 17, 8:53 AM
    Second mortgage 11th Oct 17 at 8:53 AM
    I'm a home owner and would like to purchase a second property, to refurbish it and sell on for a profit. I have a 25% deposit. Do I need a commercial mortgage for this please, ?
Page 1
    • YHM
    • By YHM 11th Oct 17, 10:46 AM
    • 537 Posts
    • 198 Thanks
    • #2
    • 11th Oct 17, 10:46 AM
    • #2
    • 11th Oct 17, 10:46 AM
    How long do you intend to take refurbishing it?

    This process is called 'Flipping' and is usually funded by Bridging Loans, dependant on timescales, costs etc
    I am a Mortgage Broker.

    You should note that this site doesn't check my status as a Mortgage Broker, 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
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