Second Mortgages

Posted on 7 February 2017 by Gavin

I have a joint mortgage on a family home, my partner and I have separated and now I want to buy another property for myself to live in without removing my name from the mortgage on the family home. Is this possible without a buy to let mortgage?

Hi Gavin,

It is possible to be named on two residential mortgages at the same time and separations are one of the most usual reasons this happens.

Borrowing for a new property

The major stumbling block in getting a new mortgage for yourself is that Lenders will take any existing mortgage as a commitment when working out how much they can lend you.  There are two ways they do this, either by adding both mortgage debts together and applying a multiple to your income or by taking the existing mortgage payment and deducting this as a monthly commitment from your income before applying their affordability model. The later method usually allows you to borrow more on a new property.

I believe we can help you and that you would benefit from speaking to one of our independent mortgage advisers.  Please call 0344 346 3672 and they will then be able to help you find the right mortgage for your situation.


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.

We recommend you seek professional advice with regard to any of these topics where appropriate.


You are currently offline. Some pages or content may fail to load.