I wish to fix an interest rate but how?

msa969

I am thinking of buying a buy to let property in the next year, how do I go about securing a mortgage in the future? I have searched on comparison sites and found mortgages that I may appeal to me, but how do I get them to realise that I am not looking to buy a property immediately but in a year?

Thanks in advance.

ACG

You cant, you secure the rate available at time of application.
You can only apply once you have found a property and are ready to proceed.

msa969

Thanks ACG for your prompt reply.

This has been helpful

csgohan4

Lurk around on the forum and there are sticky guides on buying a house

somethingcorporate

You used to be able to reserve a rate at a DIP which would last 3-6 months. Is this no longer the case?

dimbo61

Do you already own a property that you live in ?
Do you earn over £25,000 and have 20/25% deposit ?
Are you an experienced landlord with a business plan ?

msa969

Thanks everybody for your great advice?

Message from dimbo61
>Do you already own a property that you live in ?
Yes I have a property that I live in.
>Do you earn over £25,000 and have 20/25% deposit ?
Yes I earn over £25,000
>Do I have 20/25% deposit
I have semi-liquid cash in shares and some cash
I wish to purchase property in a bout 6 months when I plan to have the fully liquid cash
>Are you an experienced landlord with a business plan ?
In plans

msa969

I have about 25-30% left to pay on the properties market value

betmunch

somethingcorporate wrote: »

You used to be able to reserve a rate at a DIP which would last 3-6 months. Is this no longer the case?

No longer I'm afraid.

I can think of one lender you can reserve the rate before the full application goes in, but that's all.

It's possible some smaller lenders I don't use often, or some direct only lenders allow it, but I doubt it