As a mortgage broker in Solihull, we have helped many applicants in securing a second or even multiple mortgages. There are many reasons why someone may want more than one mortgage, such as buy to let, let to buy, holiday let, and more.
It is important to know that obtaining another mortgage typically requires a substantial deposit, a good credit score, and the ability to cover another set of monthly repayments. If you’re taking out a let to buy or buy to let mortgage in Solihull, having a tenant will cover these costs.
Before applying for another mortgage, we’d recommend speaking with a mortgage advisor in Solihull to assess your eligibility. Our experienced team has been working in the mortgage industry for more than 20 years and would be more than happy to offer a helping hand.