Dan Ginesi

Registered with Property118.com
Saturday 14th September 2013

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Total Number of Property118 Comments: 1

Dan Ginesi

21:18 PM, 14th September 2013, About 8 years ago

Buying a BTL with a residential mortgage

Reply to the comment left by "John Constant" at "14/09/2013 - 17:34":

Good evening
Many thanks for taking your time to reply.

Asking my parents is a no no as I wish to go and do this on my own, just like I have with my own mortgage. They have offered help but I feel as I will always owe them back.

It's more personal achievement as well if I can go on to purchase a second house.

Fingers crossed with your help and advice it may no longer be a dream, but maybe a reality.

I have positive equity in my home. I have a meeting with the bank on Monday just to clarify what I can and can't take out of my home.

I was a little anxious as to what to tell the bank as in the current climate I thought they may see this as more of a risk . If you feel I should tell the truth then that is the route I shall go down.

Once I see the bank on Monday and clarify exactly what I need to know I shall ask mark to pass my details on and maybe progress a little further.

Many thanks for taking your time to help.

I've never been in this position before and I didn't want to go into it blind. There's obviously right ways and wrong ways to do things. With your advice hopefully I can make the right decision.

Dan... Read More