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Buy to let or not?
animal123*
Posts: 1 Newbie
Can anyone help on this one? I have a property which I let out. I wish to review lenders now. However I do not own another property. Personally I rent. Which type of mortgage should I be looking at when renewing lender - 'buy to let' or 'remortgage'? Thanks
0
Comments
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If the property is rented out = buy to let
If the property is your residence = residential
Ignore what's in the background, that's what you need. What you have in the background will come into play with various lenders for BTL mortgages, some of whom say you have to be an 'owner occupier' of your residence.I 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
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