BTL mortgage advice please.

theAnarchist

Hi I am thinking about purchasing another property but I dont want to invest all of my money into it.

Is there a way to get a BTL without having to put down a 25%-40% deposit.


Thanks

G_e_o_r_g_e_2

Probably not, unless you can find a partner to pay the deposit and you fund your share with a mortgage.

You could try for an 80% LTV mortgage but you would be looking at 5.99% and £1,000 fees. Hardly likely to make the investment worthwhile.

It is worth pointing out that you are investing your money and your future money by taking a mortgage.

I smell a troll.

G e o r g e

betmunch

Could put down a 20% deposit, assuming you meet all the other criteria to get a BTL mortgage with a 20% deposit

theAnarchist

What are all the other landlords doing?

Do you have to put down a 25% deposit per property?

On average I would need £30k per flat then.

G_e_o_r_g_e_2

theAnarchist wrote: »

What are all the other landlords doing?

Do you have to put down a 25% deposit per property?

On average I would need £30k per flat then.

Most Landlords won't be buying so won't need a deposit. Those that do buy will use their own money or equity from another property. If I was buying (and I am not), I'd use cash that is otherwise earning peanuts.

Looking at your other posts, I sense a troll.

G e o r g e