ChatterBank2 mins ago
Can I have two domestic mortgages in theory?
3 Answers
We were in the process of selling our house and buying a new one until our chain broke yesterday and our buyer pulled out. We have a mortgage on our current home and a mortgage agreed on our new home. we really do not want to loose our new home and are looking at ways to continue with the purchase whilst we sell our old home.
The purchase of our new home is not dependent on any equity from our current home, it will be funded by part mortgage and part savings.
What I want to know is, in principle, providing we can afford two mortgages is there anything in the law that prevents us from having two mortgages on two properties in the short term until we sell our old home?
Does anyone know? Or has anyone done something similar?
The purchase of our new home is not dependent on any equity from our current home, it will be funded by part mortgage and part savings.
What I want to know is, in principle, providing we can afford two mortgages is there anything in the law that prevents us from having two mortgages on two properties in the short term until we sell our old home?
Does anyone know? Or has anyone done something similar?
Answers
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