Would I be crazy to

[fallingleavess]

Would it be a good financial move to mortgage an apartment to rent out when I am currently renting myself ?

My thoughts on this are I will make profit from renting the apartment to add to current deposit savings and then in time sell the flat and my children will have money then to help them when they are older,

I am by no means property savvy and this is just and idea at the moment but hopefully it's good idea

Bump

will you get a btl mortgage?
do the sums actually stack up - interest, fees, insurances (lots), voids, repairs, .maintenance?

Typical LTVs on a Buy to Let are 60% so you need a large deposit, which if you've got anyway you'd be better buying your own place with a residential mortgage. You also need to consider current economic conditions such as which way interest rates and house prices are heading,

If you can't afford your own place you can't afford to be a landlord in my opinion