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1st Time Buy to Let

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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

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