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Buy to Let Under £50k Help!
KeviD
Posts: 2 Newbie
Hi new user here, so go easy!!
Ive got a residential mortgage to which I let out as I work away from home.
I also have 3 buy to lets with the Birmingham Midshire/Halifax
I have agreed to buy a property for £48,000 to which I cannot seem to get a mortgage deposit having 25% deposit and no debt :mad:
A lot of companies wont touch a mortgage for a property under £50k and I seem to have an issue as I am not an owner occupier on my residential property.
Any help would be greatly appreciated!!
:beer:
Ive got a residential mortgage to which I let out as I work away from home.
I also have 3 buy to lets with the Birmingham Midshire/Halifax
I have agreed to buy a property for £48,000 to which I cannot seem to get a mortgage deposit having 25% deposit and no debt :mad:
A lot of companies wont touch a mortgage for a property under £50k and I seem to have an issue as I am not an owner occupier on my residential property.
Any help would be greatly appreciated!!
:beer:
0
Comments
-
You are talking to the wrong lenders.
I can think of one who may do this.
Engage a mortgage broker.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 -
Thanks for the response.
I've had a mortgage adviser who could to help.
Could you advise if what lender would be an option?
Thanks0 -
Brokers on this site won't suggest lenders Kevin.
It would not be appropriate to give you direct advice like that without knowing your full situation.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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