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BTL to myself – crazy idea? Or there are better solutions?
Comments
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Am I missing a trick here as to why BTL lenders would allow the OP to use a sizeable loan from his parents to fund his deposit? I was under the impression this alone would make the BTL idea a complete non-starter.
I thought about this, hence I thought of setting up and limited company and me, my partner and my dad will the the directors / share holders of the company. Afterall, I provided around around 1/3 of the the 90K0 -
Some lenders do not mind loans to form part of the deposit.
You have a lot of ideas floating around your head, some of which are non starters others might have some legs. What you want to do is far too complicated for a forum and so to sit here and go through what could be achievable without knowing a lot more about you is pointless.I am a Mortgage AdviserYou 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.0
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