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Buy to let or not
ecclesto
Posts: 272 Forumite
Current situation:
Looking to relocate. House worth around £175,000, mortgage of £6,000 of £100 per month to run for another 5 years. Want to buy for around £160,000 to £170,000 but don't know when I will be able to relocate with my job. Someone has told me that I can rent my house out and somehow buy another house with a buy to let mortgage but I don't know how this works! Could someone please enlighten me.
Looking to relocate. House worth around £175,000, mortgage of £6,000 of £100 per month to run for another 5 years. Want to buy for around £160,000 to £170,000 but don't know when I will be able to relocate with my job. Someone has told me that I can rent my house out and somehow buy another house with a buy to let mortgage but I don't know how this works! Could someone please enlighten me.
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