Jump to content
House Price Crash Forum
Sign in to follow this  

Buy-To-Let Based On Income (For Ftb)

Recommended Posts

I'm looking to purchase a flat which is currently tenanted.
Despite being an FTB, due to my personal circumstances and the fact that I have a rental agreement that I have only just started, I'm considering a BTL mortgage for now.
I have a sufficient deposit to cover 25-35% of the purchase but even then, rental yields do not look that great and so am not sure I will meet the 125% of mortgage payments rule that most lenders impose for rental income.

How many lenders offer BTL mortgages based on the salary of the applicant?
Do these lenders consider buyers who do not own any property?

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   212 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.