In message , Stephen
writes
Possibly not the best place to ask, point me at somewhere better if it
exists!

Is it legal to have more than one personal (not Buy To Let) mortgage?

Yes, just so long as you dont lie on the application form.

We would like to let our current property but would like to use more
than 75% of the equity.

Im not sure what you mean by this. Do you mean you want to end up with a
loan that is more than 75% of the property value?

In our area rental is in short supply and
demand is high. The numbers work. But Buy To Let providers seem to
only allow you 75%.

Why not re-mortgage the property now to the value that you want, then
after a while ask the lender for permission to rent it out (which is
generally forthcoming) and then apply for a new mortgage on your next
property at which time you could legitimately describe your current
property to be a 'buy to let'. This will on ly work if the rent you are
obtaining is greater than the new increased mortgage payment on the
original property.
--
John Boyle

In message , Stephen
writes


So I if I re-morgage house A for say 90% of the total value now, when I
come to move to house B (8 weeks from now or so...) and I go and get a
new mortgage for about 75% of the value of house B the provider of
mortgage A will not force me to pay back some of the mortgage

Yes.

or convert
to a buy to let product which seems to make them more money?

No, sorry I didnt make that bit clear. Expect them to raise the interest
rate a bit. It wont be much more.

--
John Boyle