Renting out investment property

[BusyPinkZebra]

Hello, hope you are all well!
I am looking for some advice please on how to navigate an issue that has caused me much confusion.
I am recently married and currently living in a house that my husband owns (bought it before we even met). The house and mortgage are in his sole name.

I really want to buy a property of my own to have an investment and also a bit of a nest egg.
What I am confused about is:

1. I know that you cannot get a buy to let mortgage on your first property purchase
2. I know that you cannot rent out a property which has a residential mortgage on it, without permission from the lender.
3. My understanding is that lenders only give permission for you to rent on a residential mortgage only if you can meet criteria for an 'exception' and that even then they only give permission on a temporary basis for 'temporary situations' (i.e. I am moving abroad for a year).

Sooo...do I have any route whatsoever to buying a small investment property by myself (wanting to take advantage of my first time buyer perks) and be able to rent that out without getting into sticky waters with my lender? I feel like there must be a way as surely many women (or men!) do this?

I think I would concentrate on getting the house you actually live in put into your joint names.

Thank you :) but that's not really the issue, my husband would go to the bank with me today and do that - but that doesn't help me invest the money that I have sitting in the bank, which is my main goal here to be honest.

Well you can get a buy to let mortgage as your first property. It's harder, and you'll probably need 40-50% deposit.
And isn't an asset bought while married part of the communal pot? So you'd lose half its value if you divorced? Don't know about this but worth considering if it's your own nest egg you are trying to build up.

ahh ok I see! thank you!

As I understand it you can get a mortgage on a buy to let even if you don't own a property. And you can rent out a residential property with a few lenders I think you've got to have lived in it for at least 6 months to a year, but can rent out for a period of 5 years if you intend to return to live in it (Barclays & I believe also Santander).
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