hi all!
i have been looking into the potentials of buying a house wth my brother under a buy to let mortgage and renting it out.
We both currently have a residential mortgages on our own "home" properties which are ticking over nicely.
i was wondering, if i were to enter into the buy to let market, how will this affect me if i want to remortgage or sell up and buy a new home to live in in the future? is it taken into account when devising new mortgage products that are suitable for me - i dont want to scupper my chances of the best deals on account of a potentially small income looking at current yields!
any advice would be handy. thank you
i have been looking into the potentials of buying a house wth my brother under a buy to let mortgage and renting it out.
We both currently have a residential mortgages on our own "home" properties which are ticking over nicely.
i was wondering, if i were to enter into the buy to let market, how will this affect me if i want to remortgage or sell up and buy a new home to live in in the future? is it taken into account when devising new mortgage products that are suitable for me - i dont want to scupper my chances of the best deals on account of a potentially small income looking at current yields!
any advice would be handy. thank you