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offset / current account BTL mortgages?
ms_newbie
Posts: 75 Forumite
I am about to remortgage a property and turn it into a BTL. The property is worth in excess of £300k. I would like a mortgage of £150k. If possible I would like this to be a current account style mortgage. The rent I am getting is £950 pcm.
Does anyone have any ideas whats available out there, interest rates, and set up costs?
Thanks
Does anyone have any ideas whats available out there, interest rates, and set up costs?
Thanks
Working hard to reduce debts and get better value for money 
0
Comments
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any ideas anyone?Working hard to reduce debts and get better value for money0
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I think you'll be hard pushed to find a BTL mortgage that allows offsetting.
The tax regime is better suited to interest only BTL mortgages without offsetting.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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