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Buy to let mortgage
Louisecbatt
Posts: 9 Forumite
We're looking to purchase a property to then rent out so would be looking at a buy to let mortgage. I'm looking for advice or thoughts from people who have done this and the process you went through to get one, how much deposit you had to put down etc.
Any help and advice would be greatly appreciated!
Thank you 😊
Any help and advice would be greatly appreciated!
Thank you 😊
0
Comments
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Vast majority of lenders require a 25% deposit. I've done it once (in my case it was a remortgage from a residential 'consent to lease' to a BTL). I went through a broker who will be based placed to know which lender to go to based on your individual circumstances.
I'm not going to say it, but there will likely be lots of posts that follow this one trying to dissuade you from buying a BTL property.1
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