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Buy to Let Mortgage
James240
Posts: 16,393 Forumite
Hi guys
Just a quick enquiry, if i was to go for this sort of mortgage (buy-to-let) would my current loan which stands around £12,000 have an sort of impact into the amount that i wished to borrow? As i might have an avenue into this as my mother is seling her house and moving down to the coast which is going to leave her with some free money (between £25-40,000 pounds) to put a deposit down on a place (so we could let it) and then i would take the mortgage for the rest of the money that we would need.
I currently earn £16,100 on my first job and around £4500 on my second job.
Any help on this would be much appreciated.
Cheers guys
Just a quick enquiry, if i was to go for this sort of mortgage (buy-to-let) would my current loan which stands around £12,000 have an sort of impact into the amount that i wished to borrow? As i might have an avenue into this as my mother is seling her house and moving down to the coast which is going to leave her with some free money (between £25-40,000 pounds) to put a deposit down on a place (so we could let it) and then i would take the mortgage for the rest of the money that we would need.
I currently earn £16,100 on my first job and around £4500 on my second job.
Any help on this would be much appreciated.
Cheers guys
Savings Total so far for 2026: £0/£10,000
0
Comments
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A BTL mortgage is normally agreed on the basis of the expected rental income - so the loan would not necessarily affect the mortgage amountI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, 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.0
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