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Can I have a Second Mortgage? | Mortgage Advice in Durham

Can I get a second mortgage in Durham?

The answer is Yes! There are many reasons why a customer would want more than one mortgage. They might want a holiday home, a mortgage with another partner, a mortgage after a divorce or separation, second mortgage advice, or Buy to Let Mortgages in Durham.

Wanting the second mortgage – we can help with this!

Here are some of the reasons for needing two mortgages:

  1.  Do you want a second mortgage to raise money for 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 with a second mortgage?
  4. Do you require a second mortgage to purchase a buy to let property?
  5. Is your name on an existing mortgage and you are looking to buy a new property?

Second mortgage to raise money

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

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.

Second mortgage to rent out existing home to purchase a new one

If you are looking to Move House in Durham but keep hold of your existing property with the view to let it out we will be able to help.  Your second mortgage 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.

Second mortgage to purchase 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.

A second mortgage for a Buy to Let

If you are looking to purchase a Buy to Let in Durham we are able to help. We specialise in giving Buy to Let Mortgage Advice in Durham. All you need to do is give us a call and an Advisor in Durham will talk you through all of your Buy to Let mortgage options.

Named on an 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 we come across on a regular basis especially due to divorce or separation and can often help.

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

Buy to Let Mortgage Advice in Durham

Durhammoneyman.com & Durhammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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