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Quickest way to arrange BTL mortgage to buy parents' house
pootleflump
Posts: 100 Forumite
My parents are hoping to buy a house that needs a lot of work and has a lot of interested parties. Their own mortgage is paid and we've decided to buy their house as a buy-to-let investment, partly as it will save them time from marketing and selling their house to be in the best possible position to 'win' the house.
What's the quickest way to buy when no agents are involved - do I just find a solicitor? We'll be buying at market value so should be fairly straightforward (hopefully!).
What's the quickest way to buy when no agents are involved - do I just find a solicitor? We'll be buying at market value so should be fairly straightforward (hopefully!).
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Why don’t they get a let to buy mortgage? That way they won’t have any selling costs or a need for searches etc. Alternatively they could get a mortgage on the new place?I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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They're both retired in their late 60's so I don't imagine a mortgage is an option...0
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