Mortgage Family Home to buy second property

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lawnmeet

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I would like to buy an apartment as investment in Dublin.
I currently own a family house which has no mortgage on it.
I would need to borrow 1/3 price of my family home. This would be <50% of price of apartment.
Can I take a mortgage out on my family home. I am single with 2 children and working.
I think this would give me a cheaper mortgage rate and also avoid some of the banks buy-to-let loan charges.

Are there any risks doing this that I should be aware of. Is it sensible?
 
lawnmeet said:
I think this would give me a cheaper mortgage rate and also avoid some of the banks buy-to-let loan charges
Click to expand...
I would imagine a bank would charge you RIP rates if the purpose of the loan is to purchase a BTL.
 
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