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Buy to Let Mortgage at 22 years of age

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Comments

  • Mortgage_Mark_2
    Mortgage_Mark_2 Posts: 857 Forumite
    There are a fair few lenders who will lend to first time buyers on buy to let property - contact a broker and they will sort it.
    I am a mortgage adviser.
    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.
  • barginboyrob
    barginboyrob Posts: 726 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Sorry to hijack this thread but does anyone have any recommendation of brokers?

    I am in a similar situation, 26 years old, live at home, earn £45k, house i am looking to buy abd rent is £250k, and I need £100k btl HMO loan to cover the difference.

    Any advice welcome!
    Robin
  • Yorkie1
    Yorkie1 Posts: 12,060 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Look at unbiased.co.uk, deselect the sponsored ads, and enter your location. I believe that will identify brokers for you.
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    barginboyrob wrote: »
    Sorry to hijack this thread but does anyone have any recommendation of brokers?

    I am in a similar situation, 26 years old, live at home, earn £45k, house i am looking to buy abd rent is £250k, and I need £100k btl HMO loan to cover the difference.

    Any advice welcome!
    Robin

    HMO as a FTB will be very difficult. Lenders would usually want to see a track record in letting.

    Broker will research options for you.

    Why a HMO for a first property?
    I am a Mortgage Adviser
    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.
  • propertydog
    propertydog Posts: 13 Forumite
    The thread entitled 'Mortgage broker recommendations for BTL (1st time buyer, low credit score' may be useful for you too.
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