We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage For House With Regulated Tenant
EdwardS033
Posts: 108 Forumite
There is a house for sale with a Regulated Tenancy (Rent Act 1977 as amended) at the registered rent of £90 per week.
The price is £65,000 which is a good discount from the open market (vacant) price which is around £95,000. The house appears to be in good condition too. The tenants have been there for years and it should be a good cash flow proposition with secure long term tenants
Which mortgage lenders are happy to look at houses with regulated tenants?
The price is £65,000 which is a good discount from the open market (vacant) price which is around £95,000. The house appears to be in good condition too. The tenants have been there for years and it should be a good cash flow proposition with secure long term tenants
Which mortgage lenders are happy to look at houses with regulated tenants?
0
Comments
-
I think you need a commercial broker for that sort of thing, or raise against something else if you really want to do this (I don't think those numbers stack up for me - unless the tenant is over 100)IANAL etc.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards