We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
can you get a buy to let without having a residential?
Options
tucbiscuit
Posts: 228 Forumite
My situtaion is; I have some savings, but wanted to use them for buy to lets, but also wanted to buy somewhere on a residential for myself to live in. So I have found somewhere for me to live and have got a 100% mortgage on it so as to leave my savings free to use as deposits for buy to lets.
The stage I am at with me resicential mortgage is the searches are being done and I am awaiting the results which should be fine.
I do however remember someone saying that you couldn't get a buy to let as a first time buyer? am I right in that? or is it just certain buy to lets that have that stipulation?
The stage I am at with me resicential mortgage is the searches are being done and I am awaiting the results which should be fine.
I do however remember someone saying that you couldn't get a buy to let as a first time buyer? am I right in that? or is it just certain buy to lets that have that stipulation?
0
Comments
-
See a broker, it is possible but there are only one or two lenders who will do this. the other option is to delay your BTL until you have bought your residential.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
-
its quite easy. I have quite a few clients whose first purchase was a BTLI like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)0
-
Your best to see an IFA. I was surprised at how few lenders we were restricted to because of our age, apparently a lot of lenders wont do BTL 's for under 25's - something else you need to be aware of if this is you .0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.4K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards