Another mortgage.(UK)?

i have a buy to let mortgage(49k) on property no1, which is successfully let to long term tenants. I have a sizeable deposit (10k) for a 2nd mortgage on somewhere i hope to live.

will my 1st mortgage in any way affect my proposed 2nd mortgage? if so, how and why?

i intend to see a mortgage adviser asap, but am curious.

Answer:
Your first mortgage should not effect a second property if you brought it on a buy to let basis. If not change it to a buy to let mortgage by a remortgage. Then your mortgage for the house you intend to reside in will be worked out on your salary and the lenders multiplies. Hope this helps. I know a good independent adviser if you need one
i think you have far to much spare money .give it to me and then you wont have any problems
i'm not 100% sure.

If you are based in the uk there is a really good website

www.moneysavingexpert.com

it has information on everything.

Hope this helps.
my daughter is a broker consultant ,and deals with mortgages .its best to go to the right person.

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