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Obtaining a BTL mortgage
TriggerCut92
Posts: 76 Forumite
A friend recently bought his first house in October. It was of course a residential mortgage but he hasn't ever lived in the property. It's came to the point now were he has owned it now for over 6 months and we're wondering if he will now be able to obtain a BTL mortgage.
He is not registered on the voters roll, council tax and has no Gas or Electric bills set up at this address.
Apologies if this is a silly question
Thanks
He is not registered on the voters roll, council tax and has no Gas or Electric bills set up at this address.
Apologies if this is a silly question
Thanks
0
Comments
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Depends on his income/ his credit rating/ rental income/ LTV....I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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Out of interest, are the utilities all cut off?
What has happened re council tax? Has he got (valid) insurance?
Is he asking about getting a 2nd, BTL, mortgage, or switching the current one to BTL?
Best advice would be to tell him to see an independant mortgage broker.....0
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