Multiple mortgages

[aaronrem]

I’m brand new to property investing it’s my understanding that because of covid 19 their may be more opportunities to get good deals.

I know I can get a standard buy to let mortgage for my first property but with so many deals can I buy 2 or 3 In one go.

i have set up a ltd company

i have enough money for deposits

[Nathan Cole]

Good morning @aaronrem

I am working with a client who is in exactly the same position to yourself at the moment, where they are purchasing their first buy-to-let property and have also sourced a second they would like to purchase at the same time. 

There are no issues with doing this, you just need to bear in mind that multiple credit searches are going to be carried out around the same time, which can marginally affect your credit score. 

It is also worth noting that most lenders will still class you as a 'First-time Buyer, First-time Landlord' until you have owned one property for a minimum of 6 months. 

I hope this if helpful, but please do let me know if you have any questions. Always happy to help.

Best regards

Nathan Cole

 

 

[Aston Carter]

Hi Aaron,

If you’d like me to go through what would be available to you in the current market based on your personal situation, feel free to get in touch!

Best,

Aston