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Buy-to-let or other options?

confused_re:mortgages
Posts: 1 Newbie
Hi. This is the first time I've posted so please bear with me.
I've had an offer accepted on another house and was planning to get part of the deposit by remortgaging my current home (which is now on SVR) for 72% LTV and renting the house out to cover the repayments. Despite trying to do as much research on the internet as I can, I only seem to have confused myself even more.
So far my questions are:
1) It looks like buy to let is my best ( or only) option but I've read this may not be straightforward as I'm remortgaging my current home. Is this right?
2) I've also read about let to buy mortgages but can't seem to find any deals - anybody have any experience or info?
3) The best buy-to-let I've managed to find has been with Nottingham BS but so far, it's been really difficult to get hold of them. Anybody have any good or bad experience with them?
4) Should I just give up trying to do this on my own and get a mortgage broker??
I'd be grateful for any advice
Thanks
I've had an offer accepted on another house and was planning to get part of the deposit by remortgaging my current home (which is now on SVR) for 72% LTV and renting the house out to cover the repayments. Despite trying to do as much research on the internet as I can, I only seem to have confused myself even more.
So far my questions are:
1) It looks like buy to let is my best ( or only) option but I've read this may not be straightforward as I'm remortgaging my current home. Is this right?
2) I've also read about let to buy mortgages but can't seem to find any deals - anybody have any experience or info?
3) The best buy-to-let I've managed to find has been with Nottingham BS but so far, it's been really difficult to get hold of them. Anybody have any good or bad experience with them?
4) Should I just give up trying to do this on my own and get a mortgage broker??

I'd be grateful for any advice
Thanks
0
Comments
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i would go and see a whole the market broker, they may be able to help you;)0
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