Query about buying second home and keeping first as rental property

Daisy09

Registered User
Messages
56
I was talking to my friend during the week who said she plans to buy a new house next year and keep her current home and rent it out.
 
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Yes you are correct, you need to show you could afford to repay both mortgages yourself incase the rental is not rented out. Also like Brendan says negative equity makes it much much harder.