Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 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!
Buy to let issues
Aiadi
Posts: 1,840 Forumite
So I'm thinking about getting a buy to let mortgage on an auction property in Scotland. I would have 8 weeks from now until the completion is due.
1. Which lenders are the quickest to get an offer out of? The property has a home report already so valuation should be quick transcription. Ideally I'd like to have an offer within 4 weeks.
2. The flat is top floor of 3 floors and on the ground there is a commercial property. Currently an office. The home report specifically states on the mortgage valuation report page that the commercial unit within the building and flat roof may have an adverse effect on future saleability. Will this make it hard to get a mortgage? (The home report value is about 20% higher than what I'm likely to get the property for so there is a good margin).
Thanks
1. Which lenders are the quickest to get an offer out of? The property has a home report already so valuation should be quick transcription. Ideally I'd like to have an offer within 4 weeks.
2. The flat is top floor of 3 floors and on the ground there is a commercial property. Currently an office. The home report specifically states on the mortgage valuation report page that the commercial unit within the building and flat roof may have an adverse effect on future saleability. Will this make it hard to get a mortgage? (The home report value is about 20% higher than what I'm likely to get the property for so there is a good margin).
Thanks
Do I want it? ......Do I need it? ......What would happen if I don't buy it??????
0
Comments
-
You should seek help of an experienced broker.Thinking critically since 1996....0
-
I've got a great broker, and have emailed him but interested in what others on here say tooDo I want it? ......Do I need it? ......What would happen if I don't buy it??????0
-
I've got a great broker, and have emailed him but interested in what others on here say too
No one worth listening to is going to answer your questions without doing a full fact find on you.
Wait until the guy who knows the situation comes back to youI am a Mortgage Adviser
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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards