Would it be impossible for you to apply for a buy to let mortgage?
Would it be impossible for you to apply for a buy to let mortgage and create a new income stream for yourself?
If you’ve ever considered renting out your property as a part-time or full-time career option, you’ll need to know whether you are eligible for a buy to let mortgage. Before you start your research, you should ask yourself if you are in a secure enough position to take the risk.
Most mortgage providers will look for a minimum income usually around the £25k mark. However, other factors such as savings or investors and a business plan would also be taken into account when considering affordability. Your age and credit history will also be elements that influence mortgage approval.
To answer the question accurately, the next step would be to consult with Deal Direct who can help you with a full review of your financial status. As a ‘whole of market’ broker, we can then present you with all of the most appropriate options that match with your priorities and circumstances.
Consult with an expert on buy to let mortgages today by calling Deal Direct.
We are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of a property as an investment, you will need to contact an independent financial adviser.
Buy to let mortgage applications from:
- applicants whose intention is to benefit from house price growth
- applicants whose intention is to benefit from rental income
- applicants who are letting to buy
will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.