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Buy-to-let mortgages on new builds
Comments
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The Mortgage Works will not do a BTL on a new build flatI 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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BM Solutions have a minimum income requirement of 25k. Also need 12 months employmentI 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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I keyed it in Trigold as zero income, input the rental income, made him 66 years old and checked the "new build" and "purpose built flat" boxes.
Only Halifax and Woolwich came up. Rough guide, I know.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Woolwich have a minimum income of £20,000 and Halifax £25,000.0
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I hate Trigold. :mad:Woolwich have a minimum income of £20,000 and Halifax £25,000.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
GrandadRob wrote: »
. After one year of letting no problem, but not on new build.
.
You will find life so much easier if you communicate clearly and not expect others to second guess what you mean.
Reading your wording here sounds like you have already been letting the place out, therefore you must own it already, so why suddenly do you need a mortgage?
In any event your case is simple to solve - find an EXPERIENCED BROKER (I mean like 10 years +)0 -
In my experience working on new build properties they are really poor quality too, its not something id invest my money in the places fall apart within a few years. I recommend a builder in Wednesfield though.0
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