Aa a mortgage broker in Gilberdyke, we have helped many clients obtain a second or even third mortgage. There are several reasons why one may need to take out additional mortgages, such as buy to let, let to buy, or to purchase a holiday home or a property for a family member.
It’s important to note that most lenders require a substantial deposit and a good credit score to be eligible for an additional mortgage, and the borrower must demonstrate the ability to make monthly mortgage payments. If you are considering a buy to let or let to buy mortgage in Gilberdyke, your tenant’s rent may cover the mortgage payments.
We highly recommend speaking with one of our expert advisors in Gilberdyke to determine your eligibility and find the right mortgage product for you. With over 20 years of experience in the mortgage industry, our team is well-equipped to help you navigate the process of obtaining an additional mortgage.