What to consider when buying a second home
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What to consider when buying a second home
In today’s housing market, buying a second home is a different reality for buyers than five years ago.
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What to know before buying an additional property… Yes, you can buy a second home, but there are extra costs. Lenders will check you can afford both mortgages comfortably. Plan your cash flow carefully and factor in all the extras. Owning two homes means managing two sets of commitments. Your home may be repossessed if you do not keep up repayments on your mortgage. | A Niche Mortgages
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What to know before buying an additional property… Yes, you can buy a second home, but there are extra costs. Lenders will check you can afford both mortgages comfortably. Plan your cash flow carefully and factor in all the extras. Owning two homes means managing two sets of commitments. Your home may be repossessed if you do not keep up repayments on your mortgage. | A Niche Mortgages
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