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let to buy?
rndb
Posts: 26 Forumite
Can I pisk someones brains please!?
We're looking to move house. We don't have much equity in our current property (about 20K ) however we do have some saving etc to put down for deposit/ associate moving costs PLUS we're looking at a new build so will get additional incentives from developer to value of around 30K (we'll prob use that for stamp duty/ flooring etc plus if we can persuade them a little towards deposit)
My question is this. Britannia (our current lender) will let us 'let to buy' our house for a few years so if we do that, how will this be viewed in terms of affordability for a new mortgage? The same as it being on a buy to let or not? The mortage payment will easily be covered by the rental income plus give us a bit extra each month.
Also does anyone one know which lenders will allow 90% ltv on a new build (house) - halifax do as do but I'm struglling for others?
We're looking to move house. We don't have much equity in our current property (about 20K ) however we do have some saving etc to put down for deposit/ associate moving costs PLUS we're looking at a new build so will get additional incentives from developer to value of around 30K (we'll prob use that for stamp duty/ flooring etc plus if we can persuade them a little towards deposit)
My question is this. Britannia (our current lender) will let us 'let to buy' our house for a few years so if we do that, how will this be viewed in terms of affordability for a new mortgage? The same as it being on a buy to let or not? The mortage payment will easily be covered by the rental income plus give us a bit extra each month.
Also does anyone one know which lenders will allow 90% ltv on a new build (house) - halifax do as do but I'm struglling for others?
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