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Mortgage advice on buy-to-let
thomasvino
Posts: 1 Newbie
found a flat in Kent but it got only 67 years lease left, can i do BUY-TO-LET mortgage?
i can put 25% deposit
Thanks for your help.
i can put 25% deposit
Thanks for your help.
0
Comments
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Yes, if you can find a lender which accepts residual lease terms of that length.
I suspect you will need an independent mortgage broker to establish a shortlist of potential lenders for you.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.0 -
Most lenders like a lease of the mortgage term plus 25 years.
Even if you get the mortgage you then own a property with a shrinking lease damaging the value.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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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