We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349.9K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 453K Spending & Discounts
- 242.8K Work, Benefits & Business
- 619.6K Mortgages, Homes & Bills
- 176.4K Life & Family
- 255.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards