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Barclays mortgages

ch1802
ch1802 Posts: 1 Newbie
in Mortgages & endowments
Hi all

I am looking for a residential property and own a buy to let. I am a Barclays customer. 

Barclays have stated that they will
include my buy to let mortgage payments in the affordability calculator meaning I can borrow less from them. 

I said I didn’t want to include the buy to let income in the application as I am going to sell it by the end of the year. 

Does anyone know when this started? Do all other lenders also work in this way?

thanks!

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Barclays can change their criteria overnight if they wish. The application will be based on the facts at the time. Not on yet undetermined future events. That applies to any personal circumstances. 
  • amnblog
    amnblog Posts: 12,781 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You have not need to use Barclays and different Lender's handle BTL mortgages in the background difference.

    Many Lenders will discount the effect of your buy to let mortgage provided the rental income covers the cost.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
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