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Can i get a combined mortgage for my buy-to-let and own home?

Posted on 23 November 2013 by Raj


Can i get a combined mortgage for my buy-to-let and own home?

Is it possible to have a combined mortgage for my buy-to-let and own property ?

Raj,

I think what you may be enquiring about is called 'cross-charging', whereby a lender grants a mortgage on properties based on the combined balance over the combined loan to value, and the short answer is that 'yes' you could do. The downside is that most of the major lenders don't offer this kind of facility and therefore you would be looking at a restricted number of lenders, and rates that would reflect this.

It would be worth looking at the individual figures and seeing whether we can acheive a better result for you, by getting the best deals on the individual properties.

If you'd like to see what we can do to assist you, then please let me know and I'll arrange to put you in touch with one of our consultants.

Regards,

Simon

simon.collins@johncharcol.co.uk

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Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

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