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Let to Buy advice etc...
Comments
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Have you spoken to a mortgage broker about this?
http://www.mortgages.co.uk/Let-to-Buy/Let-to-buy-Mortgages.html0 -
Not a very good return on the value of your property. Deduct 20% for expenses and fess and you are left with 2.84% before tax.
Guaranteed let to the council, be very wary. Your rent may get paid, but a dodgy tennant can cause you a lot of aggrevation and do a lot of damage."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
VIGILANT22 wrote: »Fire Fox
Why would you suggest going to a bank....Surelypeople want the best available option therefore you would not restrict yourself in going to a bank who can only offer only their own products....You need to speak to a whole of market adviser....If it is a Let to Buy they will assess your overall circumstances to see if you meet criteria.....as this type of lending has changed greatly over the years..
(a) turn of phrase/ showing my age (b) to get a feel for what they might be lent, not to actually get a mortgage!Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0 -
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VIGILANT22 wrote: »and the bank run credit scores!...bad idea
Are you stalking me?Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0 -
I could ask the same?0
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hi at the min you are looking to get about 75% loan to value on buy to let. Does not seem to matter on the amount of rent you are being offered (ie they wont lend more if u can get more). so on your house you are looking at about 170k depending on the rate of interest you can get but at the moment that should be pritty good.0
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