Buy To Let

valueman1

I have a home  in central London worth £1.5 m and I want to move out and get a £800k buy to let mortgage.  Houses on the street rent for about £40k per year.
I'm new to buy to let, so if anyone with experience could advise if this would be feasible and best broker to use.

dimbo61

Find yourself a good local mortgage broker who has experience in BTL mortgages and lenders.
Most BTL mortgages are broker only, having someone local who knows the market and you can visit to sort the Right deal is very important when starting a new business.

haras_n0sirrah

Would you be turning your exisitng property into a buy to let or would you be buying a property to live in and the remainder as an investment property? If you are renting out your current property would you be buying on yourself or would you move into rented? What is your income?
Some of us who post here are independent brokers and we are identifiable by our signatures. We are not allowed to approach posters but we are allowed to respond to pm's asking for help

Thrugelmir

A £40k gross return on £1.5 million is very low.  You'd do better to sell up and invest the £700k into more suitable property(s).