First time buyer

monki_man

Hi there,

I'm looking to buy a house to let in the future, maybe a year down the line. Just wanted to know if im a first time buyer how much discount would I actually get? or on average what the rate will be? Any help would do thanks

payless

In general there is not much difference between normal rates and FTB rates
( for main residence) more common is rate depends on size of deposit, although a few lenders will package a "FTB" deal

For Buy to Let its usually a disadvantage not already holding a mortgage- as will restrict leder choice

monki_man

Thanks Payless. You know any good guides on buy to let by any chance??

monki_man

Is this a better idea..

Rather than looking for buy-to-let properties, I should just try and get the house then make it to let. That way my mortgage will be more of a discounted rate than buy-to-let mortgage? Again this is all for First time buyers.