Is it possible to have 2 mortgages on the 1 property? I currently have a site loan (Tracker rate). I would like to take out another mortage to build a house on the site. I assume my bank will try force me off the tracker mortgage and take out a SVR mortage to include the amount i need to build the house. I was wondering if i could just take out another mortgage with a different bank in an attempt to keep my tracker rate mortgage. Any suggestions welcome. Thanks.