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Buy to let section 157 mortgage
guthrum
Posts: 2 Newbie
Looking for advice on securing a buy to let mortgage on a section 157 house (we are local and rent but can’t afford a larger house at the moment). All the figures add up but Nat West say no. There must surely be some lenders out there?
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Comments
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Section 157 stipulates that a house that comes under Sect 157 MUST be the principal residence of the buyer. That is why I doubt anybody would offer a buy to let mortgage on the house.2
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Thanks but that’s not what my mortgage advisor has said so we are surprised that it’s been refused. The estate agent didn’t seem to think it’s an issue either.0
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