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Let to Buy & 95% LTV
stu2500
Posts: 193 Forumite
Hi, I've tried google but haven't had a great deal of luck. Can anyone advise if many lenders will offer a new residential mortgage at 95% LTV with a Let to Buy in the background?
I've posted on here before and received a great deal of help. The situation is that myself and my girlfriend are buying a house early next year but we want to keep her flat on and let this out. I was just wondering if many lenders would offer 95% LTV on the new mortgage as we only wanted to save a 5% deposit, as well as the stamp duty (I understand it will be subject to checks and affordability, but wondered if this is theoretically an option).
Thank you
I've posted on here before and received a great deal of help. The situation is that myself and my girlfriend are buying a house early next year but we want to keep her flat on and let this out. I was just wondering if many lenders would offer 95% LTV on the new mortgage as we only wanted to save a 5% deposit, as well as the stamp duty (I understand it will be subject to checks and affordability, but wondered if this is theoretically an option).
Thank you
0
Comments
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Yep. There are two/three.
Consult an independent broker for guidance.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
kingstreet wrote: »Yep. There are two/three.
Consult an independent broker for guidance.
Thank you, we are definitely using a broker. Are you able to advise who these lenders are?0 -
No, sorry.
That's the reason for the broker referral.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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