Mortgage against PropertyCondominium mortgage
Yeah it would have been great if I could have gotten a housing fee on it, unfortunately I don't reside in the property so it has to be bl! So, it seems as if the technique is basically solid, which is good to listen to. I am not an owner-occupier while owning the first property, as you say, as I currently reside in a leased property in London.
Will the fact that I pay a rent raise any problems with affordable prices etc? Will the rent I currently get on the first apartment be well over the amount I would like to lend against it, probably over int+return amount dual, so if that was the major criterion (and yes I have an earnings of over 20k) then hopeful.y that would be okay?
Wouldn't there be a problem with his 50th birthday and his name if we considered a JV as such? Good luck, PS - are there "offset" buying country produce?
a new mortgage secures against mortgage-free property
And there are no real estate service providers that charge for and lend monies against unclaimed real estate so that individuals can buy other real estate. After all, the only way to accomplish what you want is by being unfaithful about your mortgage claim - and the mortgage department goes through things with a nice teeth crest - after all, they're not exactly flooded with work right now!
When you live in one of the homes and it has no mortgage, the only way to do it (and I won't tolerate it) is to request an offset mortgage as the First Direct are currently doing. You borrow around 3X pay and up to 80% of the rating if your bills are self-financing they ignore them.
They must have a good/valid reason to get cash from the property - and if you tell them it's for buying another property, you have no shot. Then, when you get the mortgage, you can subscribe the capital and do what you want with them.