Can I get a residential mortgage when i own a buy to let property? I currently live at home?
Friday, April 24th, 2009 at
11:50 pm
I currently live at home but have a buy to let property in Kent. I have been offered a job in Berkshire so will be moving out and am reluctant to sell the flat! Can I get a seperate residential mortgage for me to live in and have two mortgages from just the one salary?
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Tagged with: Buy To Let Property • Job • Salary
Filed under: flat mortgage
Mortages are granted based on your ability to PAY. . If you rent your residence you must declare that as income. Same with property tax–must pay for both and only the house you live in has the homstead exemption.
Mortages are granted on the ability to PAY.