higlufc Posted May 31, 2012 Report Share Posted May 31, 2012 Good Afternoon. I became a reluctant landlord when i got divorced not being able to pay the mortgage and moved back in with mum.I have a £23k btl mortgage with £600 a month rent property value £120k.I can now buy my mums council house with discount for £50k value about £100k is it best to remortgage the btl property or get a new one on my mums house. thanks Link to comment Share on other sites More sharing options...
Richlist Posted May 31, 2012 Report Share Posted May 31, 2012 First things first......I don't really understand how you can buy your mothers council house. If its your mothers how can you buy it ? Link to comment Share on other sites More sharing options...
Geezah Posted June 2, 2012 Report Share Posted June 2, 2012 The devil is always in the detail, but from what you have given us it seems perfectly possible. I'm sure you don't wish to discuss all the details of your personal finances on an open forum, PM me if you wish to discuss your possible options. I am a Mortgage broker as well as a landlord. Link to comment Share on other sites More sharing options...
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