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Buy to Let Mortgage
misslee1888
Posts: 70 Forumite
I have a flat which I moved out of and have been letting it out. Now, my deal has run out and I have to remortgage. Am I legally bound to get a but to let mortagage of can I get an ordinary mortgage.
If so I am looking for a mortgage with a decent interest rate and no redemtion penalty.
Also how long does the whole remortage process take.
If so I am looking for a mortgage with a decent interest rate and no redemtion penalty.
Also how long does the whole remortage process take.
0
Comments
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If the property is let out then you would need to now get a BTL mortgage.
The BTL rates are higher than ordinary rates, but you can get some good deals on them. The re-mortgage process can take 4-6 weeks as per any normal re-mortgage.
What figures are you looking at?
What is the property value?
What is the mortgage needed?
What is the rental income?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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