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BTL mortgage for above-commercial premises
moneysavermummy2014
Posts: 44 Forumite
Hello,
I'm looking to remortgage (due to fixed period ending) our old flat, currently rented under consent to let, onto a BTL rate (if possible!) as we will not be moving back into it now we have our family home, but the fact that it is within a purpose-built development in which the ground floor consists of retail/office space and a hairdressers seems to be proving an immediate reason as to why the first few BTL lenders approached won't even consider it.
So, I'm assuming I need a specialist broker for this and I am not really au fait with what is on offer in this area; can anyone offer any advice on a good broker service specialising in BTL? The property is currently on a consent to let on a residential mortgage with a view to moving to a BTL rate when the fixed term ends in a few months' time, so I'm not sure if this adds to the complexity of the issue!
Any advice/recommendations much appreciated.
Thanks x
I'm looking to remortgage (due to fixed period ending) our old flat, currently rented under consent to let, onto a BTL rate (if possible!) as we will not be moving back into it now we have our family home, but the fact that it is within a purpose-built development in which the ground floor consists of retail/office space and a hairdressers seems to be proving an immediate reason as to why the first few BTL lenders approached won't even consider it.
So, I'm assuming I need a specialist broker for this and I am not really au fait with what is on offer in this area; can anyone offer any advice on a good broker service specialising in BTL? The property is currently on a consent to let on a residential mortgage with a view to moving to a BTL rate when the fixed term ends in a few months' time, so I'm not sure if this adds to the complexity of the issue!
Any advice/recommendations much appreciated.
Thanks x
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