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Finances / Finanzen » uk.finance » mortgage question
mortgage question [message #375920] Do, 30 März 2006 01:55
joni1111  
HELLO
i live in mexico and would like to get a second mortgage against my
peak district cottage.
i would like to know what this will demand of me and if it is at all
possible, considering i have no perminant income in the uk but the rent
on the cottage.
thank you
Re: mortgage question [message #375932 ] Do, 30 März 2006 09:10
Christian Konrad  
"joni1111" <highjoni [at] yahoo.co.uk> wrote:

>i would like to know what this will demand of me and if it is at all
>possible, considering i have no perminant income in the uk but the rent
>on the cottage.

A true Buy To Let (BTL) mortgage is assessed against only the rental
income. Whether they are available as second mortgages I know not; you
might need to remortgage with one lender.

I've no idea whether there are residency requirements, no doubt
someone else will !

Try talking to these -
<URL:http://mortgages.charcolonline.co.uk/>
<URL:http://www.arla.co.uk/btl/lenders.htm>

Daytona
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