General (main property discussion here) - Two properties on one mortgage!!

Now then,

I am looking at the lower end of the market and have come across a couple of really good yielding properties. My problem being the prices of these properties are too low for most lenders. Being an expat has also reduced my choice of lenders.

Anybody heard of grouping a couple of properties together onto the one mortgage to build up the minimum value for the lenders?

I have heard this before somewhere but cannot remember where or if it was actually pulled off.

Your thoughts would be appreciated.

Cheers

Simon

Cannot be done, have u tried Gmac or even Victoria Mortgages?

Alex M

simon,

have you considered a forward purchase facility?

im sure alex m knows more than me but i understand that many of these facilities are more flexible on minimum sizes etc. also makes buying easier and quicker.

i have heard good things about mortgage trust. but no experience myself.

tom

Hi Tom, correct Mortgage Trust i have 5 mortgages with them very good lender A1 and very good rates libor + 0.75% for life of loan, excellent.

Alex M

Cheers guys, will try them out.