Monday 2 April 2012

ASK THE EXPERTS: We want our buy-to-let rents to fund new home | Mail Online

ASK THE EXPERTS: We want our buy-to-let rents to fund new home | Mail Online

J.R.writes: My wife and I are retired and own two buy-to-let properties plus our current home mortgage free. Together they are worth about £430,000. We want to buy a new home, financed with a buy-to-let loan on the three existing properties. How much can we borrow and is one mortgage better than three separate ones?

D.H.replies: The amount you can borrow on a buy-to-let loan will depend on the rent ......

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