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Investors only?

jayjay21
jayjay21 Posts: 92 Forumite
Stoptober Survivor
in House buying, renting & selling
I'm keeping an eye open for my first property, I'm not in a hurry what so ever.

I've seen a few that list 'investors only', including one that looked really nice, is it pointless even making an enquiry?

Thanks

Comments

  • lonestar1
    lonestar1 Posts: 560 Forumite
    investors only can mean many things but usually means its not suitable for mortgage i.e non standard construction or has tenant in place
  • anselld
    anselld Posts: 8,687 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Investors only means that for whatever reason it is not mortgageable. So no point if you require a mortgage.
  • eddddy
    eddddy Posts: 18,219 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I'm not sure I agree...

    "Cash Buyers Only" would mean it isn't mortgageable.

    "Investors Only" means it has a tenant (and it may still be possible to get a BTL mortgage).


    But EAs sometimes use words in unexpected ways!
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 27 October 2014 at 10:36PM
    Whatever it means, it's clearly not suitable for a first time buyer looking for something to live in.
This discussion has been closed.
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