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

<gamesburn@xxxxxxxxxxx> wrote in message
news:1129381664.950244.14850@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> 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

More than likely, the banks' lending criteria is so lax they'll lend to a
monkey provided he has a heartbeat.

Lots of BTL land lords that have bought over the last couple of years are
actually subsidizing their tenants since the rent doesn't cover the
mortgage, they hold on in the vague hope of some capital gain, though that
isn't happening.

If you go ahead with this ensure you have enough free cash flow from your
job to prop up the mortgage, also read up on the last fool theory.


.

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