Re: Hello, I wish to become a buy to let investor/landlord.

In message <1129381664.950244.14850@xxxxxxxxxxxxxxxxxxxxxxxxxxxx>, gamesburn@xxxxxxxxxxx writes
thanks to all who have replied so far, i live in my fathers house that he rents out to tenants, and would live there while having the job

im aware that uk housing market is at its acme.

my primary interest was whether i could obtain a buytolet loan when the market is more reasonable on that low income.

it would appear there is a fair chance

The best way for you to go about this is to have a 10 or 15 year plan. Buy a house when you can afford it and then, when it has risen in value enough, remortgage it to provide the deposit to buy another, and so on.

If you can spot the start of the next boom, hock yourself to the hilt to buy as much as you can, and keep your fingers crossed.

You certainly cant make it happen over a period of a couple of years, unless you get really lucky.

--
Richard Faulkner
.

Relevant Pages

  • Re: Verbal contract by text message?
    ... I have some tenants who wanted to buy some items from my property as ... matters worse the goods have been taken out of the country. ... does the deposit cover the cost of replacement? ... covers the cost of replacement as well as any damage etc in the ...
    (uk.legal)
  • Re: Landlord still has my deposit
    ... The reality is that many landlords regard the deposit as extra ... The last time I had to sue a landlord, he tried to claim all sorts of damage ... The often repeated advice here is that if you are about to leave your ... i've had tenants take the p1ss at my property in london. ...
    (uk.legal)
  • Re: Hello, I wish to become a buy to let investor/landlord.
    ... he rents out to tenants, and would live there while having the job ... actually subsidizing their tenants since the rent doesn't cover the ... The hope isnt vague, it's a reasonable probability, given that it has been ... I answered the OP's query by suggesting a long term view, and your comment added to that by suggesting that hopes of capital gains in the short term were vague. ...
    (uk.finance)
  • Re: Hello, I wish to become a buy to let investor/landlord.
    ... > he rents out to tenants, and would live there while having the job ... > im aware that uk housing market is at its acme. ... job to prop up the mortgage, also read up on the last fool theory. ...
    (uk.finance)
  • Re: Landlord still has my deposit
    ... The reality is that many landlords regard the deposit as ... then don't pay the last month's rent forcing the landlord to ... i've had tenants take the p1ss at my property in london. ... As the landlord treats the tennant with contempt, the tennants, in turn, ...
    (uk.legal)