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BTL mortgage scrutiny
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RainbowsInTheSpray
Posts: 1,466 Forumite
Can anyone help, please? I'm interested in the idea of getting going in BTL but am not sure what's involved. A couple of questions occur immediately:
With BTL, are lenders as interested in 'employment history' as they are for standard mortgages or is 'lettability' of the property the main concern?
Do all the major High St lenders offer this product? Are some more on the ball than others?
With BTL, are lenders as interested in 'employment history' as they are for standard mortgages or is 'lettability' of the property the main concern?
Do all the major High St lenders offer this product? Are some more on the ball than others?
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Hi,
Love your username, very poetic :T
It is a combination really depending on your status and which lender you choose.
Some will eant you to be employed with a minimum level of income, say £20,000, others do not.
They will all, however, want the Buy to let property to be self sustaining.0
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