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#1
August 21st 05, 02:30 PM
posted to uk.legal.moderated
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Mortgages
On Sun, 21 Aug 2005 09:30:11 +0100, Stephen
(Sausagefans.com) wrote: Is it legal to have more than one personal (not Buy To Let) mortgage? Yes. I had three at one time. It's not uncommon, for example in a divorce situation when one partner moves out of the family home, continues to pay the mortgage on it, and buys a new home to live in with another mortgage. There aren't any legal restrictions on how many mortgages one can have. It's more a question of whether the lender(s) believe that you can afford them. Obviously, you need to be honest and declare an existing mortgage when asking for another: not doing so would clearly not be legal. Mike. 
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