gemyellow123
New Member
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- 2
Hello,
We bought our first home not too long. We love our house but would have preferred a different area but with the housing crisis we're very grateful to have gotten anything as it was a struggle and long time saving.
We have a mortgage on our first home, but thinking ahead to the future. Can you have two mortgages at a time? Could we buy a second property with a second mortgage (aware we'd need a 10% deposit etc. again) but keep and rent out the first property, is this possible?
If we decided in the future to 'sell' our current property before paying off the mortgage, how does this work when buying a new property?
Thank you for your insights in advance
We bought our first home not too long. We love our house but would have preferred a different area but with the housing crisis we're very grateful to have gotten anything as it was a struggle and long time saving.
We have a mortgage on our first home, but thinking ahead to the future. Can you have two mortgages at a time? Could we buy a second property with a second mortgage (aware we'd need a 10% deposit etc. again) but keep and rent out the first property, is this possible?
If we decided in the future to 'sell' our current property before paying off the mortgage, how does this work when buying a new property?
Thank you for your insights in advance