Buying w/partner & BTL'ing our flats
Discussion
I thought I'd ask on here for some impartial (and hopefully educated) advice.
My partner and I want to buy a house together. Simple enough if we both sell our flats but wondered if we could keep one/both.
We both have mortgages on our flats and wondering if we could; convert to BTL, take some equity out for a deposit and get a mortgage on a 'family' home.
My flat is worth c.£170k and I have £70k remaining on my mortgage. 1-bed in Ware, Herts. £750pcm rental return.
Ms Mark83's flat is worth £325k and she has about £270k remaining on hers. 1-bed in Kilburn, London. £1300pcm rental return.
Household income c.£100k
Over to PH...
My partner and I want to buy a house together. Simple enough if we both sell our flats but wondered if we could keep one/both.
We both have mortgages on our flats and wondering if we could; convert to BTL, take some equity out for a deposit and get a mortgage on a 'family' home.
My flat is worth c.£170k and I have £70k remaining on my mortgage. 1-bed in Ware, Herts. £750pcm rental return.
Ms Mark83's flat is worth £325k and she has about £270k remaining on hers. 1-bed in Kilburn, London. £1300pcm rental return.
Household income c.£100k
Over to PH...
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