Skip to main content Skip to footer

ADVISE ON RENTING CURRENT PROPERTY

I AM THINKING OF BUYING ANOTHER PROPERTY BUT RENTING MY EXSISTING. I NEED A BIGGER PROPERY NOW, BUT DONT WANT T SELL MY CURRENT ONE DUE TO KEEPING IT IN MY FAMILY. CAN I APPLY FOR ANOTHER MORGAGE?

Asked on Feb 8 2016, Selling in West Bromwich | Report content

Answers (1)

Was this question useful? Yes 0 No 0
  • If you decide to keep your existing property and rent it out then buy a new one, you'd need to change the mortgage. Or you'd need to have consent from your lender to rent out that property. It will change from being a residential to a rental property. But it is definitely possible to get another mortgage. Getting a good mortgage broker would be highly recommended.

    Answered on Apr 21 2016, Report content

Didn't find what you were looking for? Ask a question

More Selling in West Bromwich questions on AskMe

See more AskMe Q&A about Selling