Posted on 24 November 2012 by Jack
My mom and dad want to help me buy a property by borrowing more on an existing buy to let mortgage that they have. They have about £17k left on their buy to let mortgage on the house which is worth around £135k. My dads retired but my mom is still in full time work, I would require around £21k.
Unless there's something in the background that would cause a problem, I cant see any reason why your parents can't raise the additional sum you require on their existing buy to let property.
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