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Buy to let mortgage help
scottyt421
Posts: 21 Forumite
Hi all , I am new to this site so be gentle please .
Can anyone assist , I need pointers as to where to look for buy to let finance . At present I have 1 property on a buy 2 let basis ( about 50% equity ) and a property abroad owned outright . Our own property has a loan of about 65% outstanding .
I am keen to invest in further properties but really need to know how to finance this . I went into my local Bradford & Bingley & the woman in there seemed to think this was all in order but she has failed to get back to me ( I think she put it on the "Too difficult" pile as it was not a standard mortgage )
Are there any packages / deals out there which could assist in building a portfolio ? The only ones I have seen are for those who already have a portfolio .
There must be some way to tap into the equity of the 3 properties to give deposits on more properties . I only want to save up for the kids University fees and an early retirement with plenty of skiing ( hence the foreign property )
Thanks
Scott
Can anyone assist , I need pointers as to where to look for buy to let finance . At present I have 1 property on a buy 2 let basis ( about 50% equity ) and a property abroad owned outright . Our own property has a loan of about 65% outstanding .
I am keen to invest in further properties but really need to know how to finance this . I went into my local Bradford & Bingley & the woman in there seemed to think this was all in order but she has failed to get back to me ( I think she put it on the "Too difficult" pile as it was not a standard mortgage )
Are there any packages / deals out there which could assist in building a portfolio ? The only ones I have seen are for those who already have a portfolio .
There must be some way to tap into the equity of the 3 properties to give deposits on more properties . I only want to save up for the kids University fees and an early retirement with plenty of skiing ( hence the foreign property )
Thanks
Scott
0
Comments
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Try these two sites as they probably can help and advise,
http://www.paragon-mortgages.co.uk/
http://www.lml.co.uk/EJS0 -
There are planty of lenders that could do this depending on your particular circumstancesI 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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