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Hi, can anyone advise how difficult it would be for a 70 year old Man to acquire a mortgage for btl bearing in mind he had a ccj in 2007 for £500 which was satisfied.
Already has a residential mortgage and 1 btl mortgage.
Income is in region of 40,000...
Started by Amy11 on
, 8 posts
by 6 people.
Answer Snippets (Read the full thread at moneysavingexpert):
How many years is this to be over? IIRC Paragon/Mortgage Trust have a max age of 80 and TMW 90.
I bet you were into The Mortgage Works and Birmingham Midshires before.
And BM are too main stream.
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Hi All, was wondering if you could help me as I am having some sleepless nights worrying about this.
Bit of a background, we are putting our flat (which we live in) up to let as we have had no luck selling it. (we are in the process of getting consent...
Started by bb169 on
, 8 posts
by 5 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Just to clarify, we are not looking for a second BTLI would be very wary of the estate... .
K left to pay and bank will not give him a second BTL mortgage.
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Was wondering if anyone would know a mortgage lender suitable for this property:
The property is a terraced house on a freehold. Within the house there are two self contained flats generating a joint income of £660. The LTV is 70% and the purchase price...
Started by Shirley Shammel on
, 1 posts
by 1 people.
Answer Snippets (Read the full thread at landlordzone):
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Ask your Facebook Friends
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The money centre charge extortionate fees.Try TBMC instead as its free.
Started by MrIgnorant on
, 4 posts
by 3 people.
Answer Snippets (Read the full thread at singingpig):
I"m looking to start doing BMV deals, mainly (free) ... .
Spoke to my bank who said they would give me an 80% residential mortgage or 70% BTL mortgage advising me if I can get a better LTV on a BTL mortgage.
Earning 25k.
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Good afternoon all,
I have a rather niche question and thought I'd try it out on you lot, having completely stumpted my bank's mortgage adviser.
We are a couple in our 30s with a joint annual income of around £55k p.a. We currently live on a boat that...
Started by Dekazer on
, 15 posts
by 8 people.
Answer Snippets (Read the full thread at moneysavingexpert):
BTL is a business, not something and not charge any rent (!) Usually for BTL properties the rental income must be 125% of the mortgage payments, does anyone....
Properties the rental income must be 125% of the mortgage payments.
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Here's my latest thoughts on how BTL worked for the smart money:
it is an arbitrage between the rental market and the owner occupier house purchase market the rent that a house or flat could provide compared to what you as an investor would have to pay...
Started by ChairmanOfTheBored on
, 15 posts
by 5 people.
Answer Snippets (Read the full thread at housepricecrash):
Presumably the rules can be gamed....
ChairmanOfTheBored, on 15 April 2012 - 12:30 PM, said:
I'd heard about business .
Saying here is that BTL, apart from being a way to leverage up and ride the capital appreciation they invested it in BTL.
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Hello all. A possibly stupid question, but here goes. It's my understanding that you can get a 90% mortgaage for a house you want to live in (as a first time buyer for example). It also looks like the largest LTV you can get for Buy to Let is 70% What...
Started by crofty1984 on
, 16 posts
by 12 people.
Answer Snippets (Read the full thread at pistonheads):
Edited by crofty1984 on Wednesday 16th May 21:41 You have a very naive to ... .
Interest on BTL mortgages tend for the BTL mortgage instead of rent.
Reduce/remove this, or you have found a mortgage with no tie in period.
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I've just has a quasi / semi violent confrontation with my ex private landlord!
He's tracked me down and arrived here mob handed (shifty accomplice recording the conversation with a smart phone) to recover money for wait for it a bedroom carpet!
He states...
Started by "Steed" on
, 15 posts
by 11 people.
Answer Snippets (Read the full thread at housepricecrash):
The go round buying up properties,....
mortgage, let property, whine about stains in carpets." thecrashingisles, on 26 April 2012 - 05:09 PM annoyed that I am having to type letters stating this!!!
BTL landlords are total scum, should scum.
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We are looking to switch our current mortgage which has consent to let to a BTL mortgage so we can buy another property where we are living now. The house is worth £150,000 and we owe £120,000. The property has been successfully let now for 3 years at...
Started by blackdogonline on
, 6 posts
by 4 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Bad advice given - you....
We've been told we can't have another mortgage whilst we've got CTL as it's only given for 1 year at a time so no long-term guarantee.
What income(s) do you have? £60K joint income.
To speak to a mortgage advisor.
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Hi all
Still a new member and my heads hurts from reading all the great posts!
I own 4 btl props and would like to purchase no 5 in the next 6 months. No real rush as i only tend to buy one prop per year. My current predicament is that i have one particular...
Started by Windy on
, 1 posts
by 1 people.
Answer Snippets (Read the full thread at singingpig):
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