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Old 15.03.2021, 13:56
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Re: Clarification on Mortgages

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I am considering the first property for renting, and 2nd one for myself.
You need to be aware that a mortgage for a non-primary residence will normally be at a higher rate of interest. In my experience, that is, when I was getting quotes from several banks, and one was much higher than the others, as they hadn't realised it would be our primary residence. They changed it as soon as we pointed it out, and that was actually the one we went with in the end, as they'd undercut the best other offer once we'd shown it to them.
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