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Second time buyer

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  • Second time buyer

    I have one property which was paid outright, no mortgage. its currently a buy to let valued at 120k. I would like to purchase my second property, an apartment around 300k. How much would i have to put down as a deposit on this property?

    thank you....very new to property.

  • #2
    Re: Second time buyer

    This is really a mortgage question. it depends on whether it is a property to live in or another BTL. If to live in then your financial position (income and outgoings and credit rating etc) will determine how much a lender will lend you which in turn will determine the amount you will have to find as the balance of the money not provided by the lender.
    RICHARD WEBSTERwww.rwco.co.uk
    As a conveyancing solicitor I want to be helpful (England/Wales only) but can't accept liability for this.