Myself and my DP can't afford to buy in the area we live in, and due to both of us being in low wage jobs it will take forever for us to get a big enough deposit. We have £15k saved. We are wanting to buy a small flat and then rent it out so that our saving are not just sat in the bank depreciating in value.
We want to book an appointment with a mortgage advisor but don't know if they can help. We can't go strait to a buy let mortgage as the deposit needed is a huge percentage. Will they be able to advise us knowing that we are going for a personal mortgage only to change it over to buy to let ASAP?
How long do you need to wait before transferring to a buy to let?
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Any mortgage advisors out there?
4 replies
MaryJPoppins · 03/01/2017 17:40
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