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Buy to let mortgage advice
tiggerbodhi
Posts: 415 Forumite
Hi,
We are looking into another buy to let, but the property is at the moment not in a habitable condition, it needs a lot of refurbishment, this would take give or take a few days three months, we have a tenant lined up for June.
We are having a bit of trouble finding a buy to let mortgage that does not have the "must be in habitable condition" as a condition of the mortgage, without going to a broker does anyone have any experience of a suitable lender for this type of property please?
A few numbers: Value when complete £200,000 (conservative) agreed purchase price £175,000, we have 25% deposit.
Thank you in advance.
We are looking into another buy to let, but the property is at the moment not in a habitable condition, it needs a lot of refurbishment, this would take give or take a few days three months, we have a tenant lined up for June.
We are having a bit of trouble finding a buy to let mortgage that does not have the "must be in habitable condition" as a condition of the mortgage, without going to a broker does anyone have any experience of a suitable lender for this type of property please?
A few numbers: Value when complete £200,000 (conservative) agreed purchase price £175,000, we have 25% deposit.
Thank you in advance.
every time I manage to get one more breath into this body, I will sing a song of thanks to you my brothers, my sisters, my friends, may your sleep be peaceful, and angels sing sweetly in your ears.
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