would I be able to obtain btl mortgage?

[any11]

Could anyone suggest any companies that will offer me a buy to let mortgage? I dont or never have had a mortgage in the past and my dh owns our house outright. We are looking for some extra income. I have excellent credit rating and a deposit

[CogitoErgoSometimes]

I'm sure you could. Independent Mortgage Brokers and Independent Financial Advisers aren't a bad place to start when working out which companies are offering the best products. If it's your first business venture, would also recommend researching the subject carefully. A lot of pitfalls to being a landlord.

[any11]

Thanks for the reply Cogito,

My next question is can anyone suggest a mortgage adviser? I have tried london and country but they just take all the information on the phone and then never call you back.

I would appreciate any recommendations.

[LemonEmmaP]

We have used Mortgages for Business to help us find good rates in the market.

[any11]

just tried mortgages for business and they said I would not be able to obtain the mortgage. As I dont have any of my own income.

[wearenotinkansas]

not all lenders require you to have a mortgage. Try brokers Pink Home Loans.

[CogitoErgoSometimes]

There is an alternative. You could mortgage your current property and use the cash to buy the property that you let outright. Then you wouldn't need a special BTL mortgage. Doesn't exactly get around you not earning any money but presumably DH would be OK doing this on your behalf as a family business venture?

[any11]

The only option seems to be buying the property cash unfortunately, but as I would like to start to invest in property as a career that might be the way to get on the ladder and begin this dream.

[PotteringAlong]

I have a residential mortgage with consent to let which is an option and you needed less capital for that.