BTL Mortgage dilemma

AnotherJoe

Deleted_User wrote: »

There are a few products that may work. Otherwise something with low etc and no product fees might be better.

If its going to be empty I'd explore just sticking it on residential and leaving it empty.

Sit with a broker and get a feel for your options. BTL is pretty much always complex so quite difficult to go it alone now with them

I wouldnt leave it empty. I'd move some furniture in and spend the odd night there if only to satisfy the insurance folks.

dimbo61

Well if you have a BTL mortgage it is Interest only and when you switch to a residential mortgage that will be repayment so much more than your pay now at 1.45% or even 5% IO.

AnotherJoe

dimbo61 wrote: »

Well if you have a BTL mortgage it is Interest only and when you switch to a residential mortgage that will be repayment so much more than your pay now at 1.45% or even 5% IO.

Not necessarily.might be more tax efficient but some LLs like the idea of paying off the mortgage

[Deleted User]

Also not a given a residential mortgage is a repayment. At that ltv there are plenty of lenders who will do interest only depending on OP future plans