Can I get a second mortgage in Tamworth?
There are many different reasons why someone may want more than one mortgage; the main reasons include for a buy to let or let to buy. People may have more specific reasons, however, such as holiday let, buying for a family member etc.
You must have a good credit score to obtain a second mortgage and lenders will perform an in-depth credit search on you so that they are adamant that you can afford it. If you are taking out a new mortgage for a buy to let/let to buy property, your mortgage payments will be covered by your tenant.
Our mortgage advisors in Tamworth will run through your affordability before you submit your new mortgage application.
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