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Buying a buy to let when in employers accomodation

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Comments

  • You don't have to own your own home to get a B2L mortgage: (Wife owns ours).
  • Mossfarr
    Mossfarr Posts: 530 Forumite
    Ninth Anniversary Combo Breaker Hung up my suit!
    Give your bank a call - they usually offer free financial advice. I did this when I was considering a BTL, I found their advice invaluable. They may also be able to offer you a BTL mortgage, I got mine through my bank and it was a lot less hassle as they already had access to my financial history.
    As the property prices are so high in your chosen area you may want to consider your first property purchase as purely an investment with a plan sell it and buy your own home in the future.

    PS I bought my first BTL without owning my own residential property. You will just need to show that you can cover all the costs when you have no rent coming in (void periods).
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