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Buying for a family member

freedomby30 · 2016-04-20 12:12:33

Hi all. A family member has found themselves in an awful situation. They currently rent and have taken on a new job that is classed as self employed. Round here to buy or rent you must have 3 years worth of accounts. Unfortunately he hasnt even been in the job a year and his current landlord is selling up. Long story short…

Comments

Annisele Posts: 4,835 Forumite

20 April 2016 at 10:38PM

DigForVictory wrote: »

Can you get a mortgage for a property you intend to let to a family member?
I thought BTL mortgages were pretty compartmentalised about that sort of tenant.

It is possible, but 'standard' BTL mortgages don't allow it. There are more specialist products that do - some of which are hard/impossible to get hold of if you don't use a broker.

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