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Buy to let mortgage for first time buyer
Kj1006
Posts: 7 Forumite
My boyfriend and I live in a house that is provided by his employer. We do not have to pay rent, council tax, water rates or for heating oil in this property. We are desperate to get in the property ladder but we have to live in the employers house for my boyfriends job. Would we be able to get a buy to let mortgage even though we are first time buyers? We would like to rent out the property until we are in a position to live in it ourselves. We currently pay £200 each into savings every month so would be able to contribute this each to a mortgage every month as well as any rental income that was generated. What is everyone's opinion?
0
Comments
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Yes, it these circumstances this is possible.
You will need a sizeable deposit.
Speak to a good mortgage Broker.I 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
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