Hi
Yes, I think a lender would entertain this proposal, assuming your borrowing in GBP£. Basically, your using the equity in the first property towards the acquisiton of the second.
I'd imagine the easiest way of going about this, is get the first property let, then approach a bank seeking funds & ideally, with the second property identified.
The level of rent generated on the first property, coupled with income generated / to be generated on the second property will be taken into account, along with your own personal income(s) ofcourse.
Assuming your living south of the border, try:
IIB Bank
Bank of Scotland
AIB
Bank of Ireland
Ulster Bank
AFAIK, all do this kind of lending & there are probably a few others too !
Cheers
G>
Yes, I think a lender would entertain this proposal, assuming your borrowing in GBP£. Basically, your using the equity in the first property towards the acquisiton of the second.
I'd imagine the easiest way of going about this, is get the first property let, then approach a bank seeking funds & ideally, with the second property identified.
The level of rent generated on the first property, coupled with income generated / to be generated on the second property will be taken into account, along with your own personal income(s) ofcourse.
Assuming your living south of the border, try:
IIB Bank
Bank of Scotland
AIB
Bank of Ireland
Ulster Bank
AFAIK, all do this kind of lending & there are probably a few others too !
Cheers
G>