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A buy to let mortgage

Vera25
Vera25 Posts: 10 Forumite
in Mortgages & endowments
Hi I need a help.
I am looking for a buy to let mortgage and It must be the more flexible possible (offset...).
Here some details of my situation:
House location: London
Value house: 400K
Money own: 275K
Mortgage need: 125K
Pox rent: 1500 pm
My salary: 95K

Thanks for any idea.

Vera

Comments

  • Robert_Sterling_3
    Robert_Sterling_3 Posts: 7,112 Forumite
    What is a POX rent is it like a Poll-Tax?
    ...............................I have put my clock back....... Kcolc ym
  • ILW
    ILW Posts: 18,333 Forumite
    Robert_Sterling wrote: »
    What is a POX rent is it like a Poll-Tax?
    I think its some kind of health insurance for the sex industry.
  • Robert_Sterling_3
    Robert_Sterling_3 Posts: 7,112 Forumite
    I thought it was a small tax on people who kept chickens.
    ...............................I have put my clock back....... Kcolc ym
  • Vera25
    Vera25 Posts: 10 Forumite
    Possible rent....
  • chiefgoobster
    chiefgoobster Posts: 1,152 Forumite
    What sort of property are you looking to buy and where for a rent of £1500 per month ?
    Am the proud holder of an Honours Degree
    in tea-making.

    Do people who keep giraffes have high overheads ?
  • Kavanne
    Kavanne Posts: 5,093 Forumite
    Have you consulted an independent advisor? And are you being realistic about that rent? How easy will it be to rent out in that area? You don't want it sitting empty for months.
    Kavanne
    Nuns! Nuns! Reverse!
    'I do my job, do you do yours?'
  • Fight_Club
    Fight_Club Posts: 35 Forumite
    Part of the Furniture Combo Breaker
    Geez if I was on 95k I wouldn't be arsing about with buy to let.
    "There's one peace not worth having, and that's a peace at the cost of the truth"
  • Vera25
    Vera25 Posts: 10 Forumite
    I have already an off-sett mortgage on my flat, that is most paid.
    When I spoke with the bank about buying the house as investment they said that I could only have a buy to let it or sell my flat. I don't want to move, my flat because it is perfect for me at the moment.
    I want the house as in investment for the future. The rent is realistic, I have checked. I was checking comparison website but there are few buy to let flexible at the moment.
  • Kavanne
    Kavanne Posts: 5,093 Forumite
    You need an independent mortgage advisor.
    Kavanne
    Nuns! Nuns! Reverse!
    'I do my job, do you do yours?'
  • Vera25
    Vera25 Posts: 10 Forumite
    Thanks it's a good Idea. I will look for one.
This discussion has been closed.
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