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FTB/Buy to Let

Trixi · 2013-04-20 08:38:57

Hello, Does anyone know if there are any/many lender who will still consider giving a buy to let mortgage to first time buyers (we cannot afford to buy for ourselves at the moment due to high prices in our area). Also, we are looking at fairly small amounts: houses in the region of £60000, with a £20000 deposit available -…

Comments

GMS Posts: 5,388 Forumite

23 April 2013 at 10:49AM

The Mortgage Works require you to be a homeowner, with or without a mortgage prior to taking a BTL mortgage with them. They also base first time landlord loans against a multiple of income in addition to rental calculations.

TMW are the Nationwide lender alluded to in a previous post. Not suitable for OP circumstances

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