does anyone know any mortgage companies that do buy to let with 95% LTV
THANKS
2007-10-11 19:02:35 · 3 answers · asked by Chez 1 in Business & Finance ➔ Personal Finance
Asking 5 times just means you get 5 identical answers :-=)
Anyway, 'buy to let' Mortgages operate on a 80% LTV .. the ONLY way to do it is to increase the Mortgage on your existing house to free enough capital to get the LTV on the 'buy to let' down to 80% ..
NB> The 'buy to let' market is expected to take a down-turn soon, so there should be some good bargains to be had, HOWEVER in many cases the Rental value is less then the Mortgage cost .. so you MUST have other sources of income if you expect to get into this market
2007-10-11 20:47:29 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
Its going to be very difficult unless you already have a property with lots of equity.
2007-10-11 23:25:37 · answer #2 · answered by Johnny 7 · 0⤊ 0⤋
I have no idea.
Thanks
2007-10-14 08:42:33 · answer #3 · answered by Salamatu W 1 · 0⤊ 0⤋