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I already own a buy to let property and want to know if I could buy a new home with a 5% deposit, without selling my existing property?

Posted on 15 June 2015 by Vicki


Already a home owner of a buy to let property and want to know if I could buy a new home with a 5% deposit without selling my existing property?

Vicki,

In theory, the answer is 'yes' you could buy a new home to live in, however this would be subject to you meeting lender criteria, which at 95% loan to value is far stricter and more difficult to meet.

This really is something that we would need to speak to you about directly, in order to say for definite that this is an achievable goal for you.

If you'd like to take this further, please contact one of our consultants on 

0344 346 3672 and they'll be able to give you an idea of how we can help you to move home.

Regards,

Simon

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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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