Countries that actually refer to themselves in some way as social democracies or democratic socialist nations in their respective constitutions include Bangladesh, India, North Korea, Portugal, Sri Lanka and Tanzania.
Second Home. To qualify as a second home, the property typically must be at least 50 miles from the primary residence, and it cannot appear that the real estate is being purchased for rental investment purposes. Investment Property. A property that is not occupied by the owner and is typically utilized for rental income purposes.
Main Residence. In the mortgage world you can only have one main residence. While some people are fortunate enough to have a second home or holiday home, they will not be classed as a main residence. So, if you are looking for a second mortgage on 'residential rates' you may only have one such mortgage.Residential mortgages are the cheapest mortgage available but will depend on the amount of equity or deposit you have (referred to as LTV or Loan to Value). A lower LTV achieves a lower mortgage rate.LTV's can go to a maximum of 95% although very few lenders now operate at this level.he rate will vary between lenders but might be the rate at which the mortgage is charged or a fixed rate (say 6%). You will also have to put down about 25% deposit. If you're buying properties with good rental income then you could have as many buy to lets as you have 25% deposits.