BTL before moving abroad

silvercar

Well but to be clear I wouldn't "own" any other property, just live at a friend's (and subsequently abroad) whilst I rent the only flat I own. So the lender would only have security on the rented flat's equity. Could that still work?

That's what I understood. Would work with a few lenders but not all.

I can always go for a lifetime tracker which would make possible not to remortgage until the end of the term.

Agreed.

So would you suggest to inform the BTL lender after I move abroad, once a few installments have been successfully paid to demonstrate good faith?

Yes, seems reasonable and tell them it is temporary (if it is).

Thrugelmir

wlei34 wrote: »

Getting a BTL mortgage now won't be a problem, as my LTV is quite low

LTV isn't the focus of the criteria. Far more on affordability. With the borrower's plans being stress tested.

iquit

I live and work abroad. I have both a BTL (managed by agents) and residential mortgage. All concerned are aware.