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Buy to let Mortgage advice
Scotty72
Posts: 1 Newbie
I would be grateful for any advice, i currently lease my property to the local authority under their private sector leasing scheme for a period of 5 years with effect from the 16th june 2008.
The property is valued at approx £95000 and i do not or have ever had a mortgage. I currently stay with my parents but would like to release around £70000 to put down against an another property.
I currently get £450 a month although there is an annual increase for around 4%. I am looking for a buy to let interest only mortgage but i am concerned about high arrangement fees and early repayment charges?
Many thanks
The property is valued at approx £95000 and i do not or have ever had a mortgage. I currently stay with my parents but would like to release around £70000 to put down against an another property.
I currently get £450 a month although there is an annual increase for around 4%. I am looking for a buy to let interest only mortgage but i am concerned about high arrangement fees and early repayment charges?
Many thanks
0
Comments
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That being the case your best course of action would be to consult a good whole of market broker who can search out an appropriate product for you.0
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