In our role as a mortgage broker based in Chester, we have successfully assisted numerous clients in obtaining second or multiple mortgages for various purposes, such as buy-to-lets, let-to-buys, holiday lets, and more.
Typically, obtaining an additional mortgage requires a substantial deposit, a good credit score, and the financial capacity to handle two significant mortgage repayments every month. However, in the case of let-to-buy or buy-to-let mortgages in Chester, having a tenant may cover the second set of payments.
It is highly recommended that you seek guidance from a mortgage advisor in Chester to evaluate your eligibility before applying for another mortgage.