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First time buyer wanting Buy to Let Mortgage

bruce9001
bruce9001 Posts: 1 Newbie
in Mortgages & endowments
Hello all,

I am looking for some advice on the best course of action to pursue!

I am looking to buy my first house/ flat but the aim is to rent it out so a Buy To Let mortgage is what I want to look at getting.

I have a tied cottage with my job so will not be living in the property so this is why it will be rented out.

What is the best option to go on this as I know banks don't like giving a first time buyer a Buy To Let mortgage!

I am aware of the other regulations around the different types of mortgages and that at least a 25% deposit is required which I have the savings there to cover tbis large deposit

Thanks

Comments

  • kingstreet
    kingstreet Posts: 39,353 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Roll your sleeves up and research the lenders who will lend to you, or appoint an independent broker to do the job for you.
    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.
  • ACG
    ACG Posts: 24,748 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    There are a few lenders out there, some of which you can access directly. As kingstreet says, you can either check lenders criteria online or speak to a broker and they can do the donkey work for you.
    I am a Mortgage Adviser
    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.
This discussion has been closed.
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