We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
BTL Mortgage Enquiry
Options
carpediemspirit
Posts: 72 Forumite
Hello,
I wonder if anyone can help me. I have a property on a Bank of Ireland First Start Mortgage which I bought in 2007. I have consent to let on the property and currently get £975 per month vs my repayments of £850.00 a month.
My current interest rate is BOI SVR which s 4.99% The property is worth £50k more than I paid for it and the difference between what I paid and the outstanding balance is £20k
Can anyone recommend a decent BTL mortgage ?
I wonder if anyone can help me. I have a property on a Bank of Ireland First Start Mortgage which I bought in 2007. I have consent to let on the property and currently get £975 per month vs my repayments of £850.00 a month.
My current interest rate is BOI SVR which s 4.99% The property is worth £50k more than I paid for it and the difference between what I paid and the outstanding balance is £20k
Can anyone recommend a decent BTL mortgage ?
0
Comments
-
Not without doing a full fact find. And certainly not with the info in your post Im afraid.
Best get in touch with a decent broker and tell them the whole situationI 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 -
£117K at 4.99% over 17 years is £851.90 a month!!
If the property is worth £167,000 you should be able to find a " whole of market mortgage broker who deals in BTL mortgages" and he/she can find you a mortgage lender0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards