Can I get a third Buy To Let mortgage?

Posted on 12 February 2013 by Garry


Can I get a third Buy To Let mortgage?

I have two buy to let properties, both are flats. I own one outright. It;s value is £168,000. With a mortgage balance of £115,000. The second property I own half. This property is valued at 450,000 (my half being £225,000). The mortgage balance on this is £118,000. I have some debt of around £25,000, plus savings of around £10,000. I would like to buy a third buy to let property for around £100,000.  Would I find it difficult to get another mortgage. Kind Regards, G.Baker

Garry,

On the face of it, I can't see any reason why you wouldn't be able to get a third Buy To Let mortgage, unless there's something in the rest of your personal details that would stop a lender from lending to you.

It's definitley worth talking to one of our consultants to see what options are open to you, and if you'd like to do so, then let me know and I'll arrange a convenient time for one of them to contact you.

Regards,

Alistair

contact@johncharcol.co.uk

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