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are buy to let mortgages for over 25's only?
jamtart6
Posts: 8,302 Forumite
i want to get on the property ladder, but wanted to buy-to-let, rent the place out to cover my mortgage costs (not make a profit) for 2 years, and live with my parents until my circumstances change in 2 years time (ie. i get a job that pays decent money!)
...but a friend tells me they are for over 25's only.... unless you have had a normal mortgage before 25...is this true?? I'm only 22 so that kind of scuppers my plans to get on the ladder if that is the case...
...but a friend tells me they are for over 25's only.... unless you have had a normal mortgage before 25...is this true?? I'm only 22 so that kind of scuppers my plans to get on the ladder if that is the case...
:ABeing Thrifty Gifty again this year:A
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Comments
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why not go see a mortgage broker ? he will know more than your friend surely ?0
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yes i suppose i should, just thought somone on MSE might actually know before wasting my time arranging meetings. thanks for the thought any way
:ABeing Thrifty Gifty again this year:A
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Why not save for 2 years and then buy a place?Happy chappy0
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You only need to be 21 to get a BTL mortgage, so you will be fine on that score. However most don't accept first time buyers so see a broker who will point you in the direction of those that do.0
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