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Can you Have Multiple Mortgages in Birmingham?

Can you have more than one mortgage?

You would be surprised but we do get asked this question all of the time. Can I have multiple mortgages? The answer is yes you can, depending on your financial situation and your personal circumstances.

There are lots of reasons why a customer may require multiple mortgages in Birmingham, below are a few of the popular scenarios that we come across:

  • The customer is looking to invest in a holiday home.
  • They are thinking of becoming a home mover in Birmingham and want to get another mortgage with a different partner.
  • The customer is looking for a mortgage following a divorce/separation.
  • Looking for general second Mortgage Advice in Birmingham.
  • Interested in a Buy to Let in Birmingham.


Remember, it is all about meeting the lender’s mortgage criteria and they are all different from each other. This is where we step in. As an experienced Mortgage Broker in Birmingham, we are always able to help you find the perfect deal for your situation. We love a good challenge, so don’t hesitate to call us, even if you think your situation is complicated.

Reasons for wanting multiple mortgages may include:

Having multiple mortgages are very common and there are lots of reasons why people may want one:

  • People often want a second mortgage to raise money for home improvements and/or debt consolidation.
  • If you are thinking of moving home then renting out your existing property.
  • To help their children on the property ladder rather than them going through the first time buyer in Birmingham mortgage process.
  • Customers may want to make a buy to let purchase, single or multiple.
  • Their name may be on another mortgage and they want to purchase a new property.

Second mortgage to raise money

If you’ve got sufficient equity in your home, you may be able to release some of this for home improvements and/or consolidate debts.

Often at this time, if you are currently on a lenders standard variable rate, we are able to shop around and find a more competitive deal at the same time as releasing capital. A further advance with your current Lender is also an option.

Renting out your existing home to buy another

This is a popular choice for customers looking to move up the property ladder whilst still keeping hold of their ‘starter’ homes as an investment.

Helping your children

If you are exploring the options available to you of helping your children or grandchildren with getting on the property ladder there are now many products that we can run through to achieve this.

A second mortgage for a Buy to Let

Thinking of investing in a single or multiple Buy to Let mortgages? Not a problem, we are here to help. Our expert Mortgage Advisors in Birmingham are here to help! They will search through 1000’s of deals till they find the best one for your personal situation. We have been in this business for a very long time now, meaning that we have experience in dealing with all kinds of buy to let mortgages and purchases.

Named on another mortgage?

We often get asked about this and how to remove your name off a mortgage. This usually follows a divorce or separation and it can be tricky to sort out by yourself. This is why we recommend speaking to a Specialist Mortgage Advisor in Birmingham for Specialist Advice in Birmingham, like us.

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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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