Bryson Posted July 2, 2011 Share Posted July 2, 2011 I have currently got a 1 bed flat which is rented out, but I am looking to buy a place for myself. Was wondering how a second mortgage would work for % of deposit etc. Anyone on here a mortgage advisor? Lol Link to comment Share on other sites More sharing options...
imi Posted July 2, 2011 Share Posted July 2, 2011 Try some if the mortgage comparison sites For the best rates you'll need about 35%-40% deposit Link to comment Share on other sites More sharing options...
SupraAyf Posted July 3, 2011 Share Posted July 3, 2011 Is your first mortgage based on Buy-to-Let terms? EDIT: I only ask as your mortgage advisor will be hard pushed (depending on your personal circumstances) to get you two repayment mortgages. You may find that your first mortgage needs to revert to a BTL-type and that your new mortage is lodged as a repayment product. Link to comment Share on other sites More sharing options...
SupraAyf Posted July 3, 2011 Share Posted July 3, 2011 Try some if the mortgage comparison sites For the best rates you'll need about 35%-40% deposit A few good ones are starting at 15% these days but the real top products are needing 25%+. Link to comment Share on other sites More sharing options...
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