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10% deposit for a buy to let mortgage is it possible?
rfowler
Posts: 486 Forumite
Will it be possible to get a mortgage on a 10% deposit on a buy to let mortgage?
0
Comments
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Unlikely at the present time.
There are much fewer lenders active in the normal market with that sort of deposit than there were before meltdown of the mortgage market.I am a Mortgage AdvisorYou should note that this site doesn't check my status as a Mortgage Advisor, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
No chance at present.
Even if there were - the rental income would have to be able to support the mortgage amount needed (again unlikely given the rental calculators).I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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