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I want to purchase a flat on the 15floor -

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Comments

  • kingstreet
    kingstreet Posts: 39,362 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Secure rent? Great investment?

    Are you planning to live in this property, or let it?

    Mortgage lenders aren't keen on residential borrowers requesting consent to let as soon as they complete and there are no BTL/RTB products/lenders.
    I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • buglawton
    buglawton Posts: 9,246 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Why are there no BTL lenders?
  • kingstreet
    kingstreet Posts: 39,362 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    buglawton wrote: »
    Why are there no BTL lenders?
    The council's second charge and five year pre-emption period, plus RTB is supposed to be for residence, not letting.
    I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.
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