I've seen a house in a different area that I'd really like to live in when I move back there area in 2 years. I can't move now, so I was hoping to get a BTL mortgage for 2 years and then move over to a residential mortgage when I relocate.
The metrics are okay: I have a 35% deposit and the rent would cover 130% of the mortgage payments (and it's in a popular area, close to transport links etc).
The problem is that I'm not a homeowner at the moment - is that enough to make this a non-starter? Is another avenue available?
The metrics are okay: I have a 35% deposit and the rent would cover 130% of the mortgage payments (and it's in a popular area, close to transport links etc).
The problem is that I'm not a homeowner at the moment - is that enough to make this a non-starter? Is another avenue available?