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Regulated BTL mortgages
andyasw
Posts: 7 Forumite
I want to take a BTL mortgage and initially have a family member as a tenant. Many lenders won't lend on this basis but some regulated BTL mortgages are around - who are the lenders?? I do understand the arguments about taking a residential loan instead etc.
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Comments
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btl's are regulated if you rent it to a relative, but i think thats about it.
Other than that i think they are unregulated. Its not a case of lenders choosing what products they want regulated or not as its down to the FSA not the bank who is lending the money.I 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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