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Moving, thinking of getting a buy to let on current home - advice needed

ZILLION
ZILLION Posts: 5 Forumite
in Mortgages & endowments
I'm moving home and thinking of getting a 75% buy to let mortage on my flat.
Will having a buy to let mortage go against me with lenders when getting a 75%repayment mortage?

Comments

  • Meeper
    Meeper Posts: 1,394 Forumite
    If the rental income covers the new mortgage, it will generally be ignored.
    I am an Independent Financial Adviser
    You should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Beware though that rents have fallen two (2) months in a row (LSL), void periods are increasing and home values are falling.

    You can always get consent to let in the short term to trial it out, but don't expect any huge profits far from it.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • ZILLION
    ZILLION Posts: 5 Forumite
    Thanks for quick replies. I'm not looking to make a big profit as long as the rent covers the mortgage.
This discussion has been closed.
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