Quantcast
Viewing all articles
Browse latest Browse all 36823

Porting mortgage then buy to let

Hi everybody, i wonder if i could ask for some opinions.
Im buying a new build, completion date 2nd Aug, porting my mortgage to it and keeping my current property and have a buy to let mortgage in place. The only potential problem is my broker arranged the Paragon buy to let knowing my completion would be in August, but they only offer for 2 months and it was arranged back in April, so weve had to go back to them and tried to extend it but they will only do it for a month on a month to month basis.
This could stitch us up if we go back in July to ask for another month and they say no, we wouldnt have much time to arranged a new buy to let.
What do you think we should do? Could we redeem our residential mortgage(Santander) before porting a month before actually moving? Could this be done or are there better easier options?
You help would be very welcome.
Thanks guys!:)

Viewing all articles
Browse latest Browse all 36823

Trending Articles