Can I Have Two Mortgages in Doncaster?

Possibly, there are many situations that require a person to have more than one mortgage… We can help with this!

We’ll try and run through reasons for 2 mortgages here:

  1.  Do you want help to raise money on your existing home?
  2. Are you looking to rent out your existing home and purchase a new one?
  3. Are you looking to help your children out?
  4. Do you require help with purchasing a buy to let property?
  5. Are your name on an existing mortgage and you are looking to buy a new property?

Raising Money with Two Mortgages

If you have equity in your home and are looking for a second mortgage to release some of this to fund a purchase or anything else then we can help.

For this purpose it can also be referred to as a secured loan.

Quite often at this time if you are currently on a lenders standard variable rate, we are able to shop around and find a more competitive deal at the same time as releasing capital. A further advance with your current Lender is also an option.

Renting Out Existing Home to Purchase a New one

If you are looking to move house but keep hold of your existing property with the view to let it out we may be able to help.  Mortgage number 2 will be a new residential one.  This type of move is known as a let to buy and is becoming increasingly popular in recent years.

Purchasing a Home for your Children

If you are exploring the options available to you of helping your children or grandchildren with getting on the property ladder there are now many products that we can run through to achieve this.

Buying to Let

If you are looking to purchase a buy to let in Doncaster, we may be able to help. You will be asked to produce a higher deposit for this than a residential mortgage. 

Named on Existing Mortgage and Want to Buy a New Home

Are you currently named on another mortgage and would like to purchase a new property to live in?  This is a situation that I come across on a regular basis especially due to divorce or separation and can often help.

Whatever your situation being to get a second mortgage, being a Mortgage Broker we am able to search 1000’s of mortgage deals on your behalf and recommend the most suitable product for you based on your individual situation.

Doncastermoneyman.com & Doncastermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2022 Doncastermoneyman

Doncastermoneyman, 3 Cavendish Court, South Parade, Doncaster, DN1 2DJ.

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