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Who is currently offering First Time Landlord deals
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xcapade
Posts: 9 Forumite
Can someone be so kind to tell me, which lenders are happy to take on First Time Landlords?
Thank you in advance
Thank you in advance
0
Comments
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Do you mean first time landlord, or first time buyer who is buying a buy to let?
I've never heard of any restriction on the former, but know of lenders who will only lend on a BTL basis to those who have, or will have, another owned property in which they reside.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 -
kingstreet wrote: »Do you mean first time landlord, or first time buyer who is buying a buy to let?
I've never heard of any restriction on the former, but know of lenders who will only lend on a BTL basis to those who have, or will have, another owned property in which they reside.
Hi Kingsteeet, sorry about ambiguous thread title. I mean First Time Buyer who does not own a residential property or any other BTL property.0 -
Your solution probably lies with one of the intermediary only lenders (their are far more criteria factors needed than you supply to indicate a likely lender) - I suggest you contact a broker.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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