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BTL mortgage for first time buyer?
glider3560
Posts: 4,115 Forumite
Are there still any lenders providing Buy To Let mortgages to first time buyers?
My job means instability in where I will be located, so I am happy(ish) renting for my own home at the moment. But I have a large deposit which I would like to put to some use.
I have found several properties with very good yields and would rental payments would easily cover mortgage repayments, costs and a small profit.
Problem is I can't find any lenders that are willing to provide a BTL mortgage to a FTB. Does anyone know of any brokers who are likely to help?
My job means instability in where I will be located, so I am happy(ish) renting for my own home at the moment. But I have a large deposit which I would like to put to some use.
I have found several properties with very good yields and would rental payments would easily cover mortgage repayments, costs and a small profit.
Problem is I can't find any lenders that are willing to provide a BTL mortgage to a FTB. Does anyone know of any brokers who are likely to help?
0
Comments
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Any broker with BTL experience should be able to arrange this for you.
Ask friends or family for a recommendation.
Or try https://unbiased.co.uk to find a broker
or for reviews of brokers from recent clients
https://uk.trustpilot.com/categories/mortgage-brokerI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
As amnblog says, a broker should be able to sort this for you, but unfortunately you are unlikely to happen across the right lender on your own.I am a Mortgage AdviserYou 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
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NatWest allow Btl without owning your own residential property0
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