Hi,
Im hoping some of the experts can give me some advice.
Im a homeowner but looking to buy a 2nd property to rent out to my parents.
I have today spoken to London & Country & they have advised me that I should have no problem getting a BTL mortgage but I will need a 25% deposit as I will be a 1st time LL.
I am looking at properties at around 80k but currently only have 15k for a deposit.
Are there any lenders that would accept a lower LTV?
Thanks
Funk
Im hoping some of the experts can give me some advice.
Im a homeowner but looking to buy a 2nd property to rent out to my parents.
I have today spoken to London & Country & they have advised me that I should have no problem getting a BTL mortgage but I will need a 25% deposit as I will be a 1st time LL.
I am looking at properties at around 80k but currently only have 15k for a deposit.
Are there any lenders that would accept a lower LTV?
Thanks
Funk