Seico Mortgages are our in-house independent mortgage advisors who give impartial advice. Here they answer some of their most frequently asked questions when it comes to owning a second property.
Can I buy a new property without having to sell my current home? I would like to keep it and rent it out.
Yes, it can be possible to do this. We can even release some equity from the existing property if you need to raise funds for deposit and fees.
I currently have a Help to Buy mortgage – can I get a new mortgage to buy a second property?
Yes, if you pay off your Help to Buy government loan first. If you do not pay it off, you will not qualify for a second mortgage.