Hi Tracey

I dont need a mortgage until 2009, so I was just looking to see what was possible before committing myself to the off-plan deal.

I think remortgaging your UK property will definitley be the cheapest (interest rates, fees etc). We cant do that this time as we have several overseas properties, and where we have needed to raise finance for them, we have increased our UK mortgage. So, we are now at the stage that our personal income is not enough to increase the UK mortgage; as you can not include the income from foreign and UK rents.

Foreign mortgages also look at your personal income and rarely include the rent, but look at affordability a different way, so for us this was possible whereas a UK increase is not.

Obviously whichever scenario is used you have to be sure you could finance the mortgage yourself if for some reason you did not receive any income from the investment!

For info, I was also told that each person is only allowed ONE moroccan mortgage.

Does anyone else have any advise as to how they have financed purchases as the affordability criteria reduces with each purchase? Assuming each purchase is self financing from rent (and one can afford to prop it up for a time if necessary) can you then ignore that outgoing?