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I am on HSMP and wish to get a BUY-TO-LET-MORTGAGE

Last post 13 hours, 45 minutes ago by deeaa. 3 replies.
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  •  Tue, May 06 2008, 2:45 PM

    I am on HSMP and wish to get a BUY-TO-LET-MORTGAGE

    Hi,

    I am currently on HSMP with 1 year 6 months VISA left. I am interested in a property worth £72000. I have already got £18000 as initial deposit and want to get the rest (£54000) on mortgage but that would be a buy-to-let property.

    Can anyone guide me the Lenders available for BUY-TO-LET on HSMP.

    Thanks

    • Post Points: 20
  •  Wed, May 07 2008, 1:53 PM

    Re: I am on HSMP and wish to get a BUY-TO-LET-MORTGAGE

    I'm not sure how lenders may feel when they realise you have 18 months on your visa, whether they'll feel inclined to lend to you etc.

    Put it this way - if a British person wants to buy a property in France, where does he go to get a mortgage from? Lenders in the UK, or lenders in France?

    Thought so.

    • Post Points: 20
  •  Wed, May 07 2008, 4:12 PM

    Re: I am on HSMP and wish to get a BUY-TO-LET-MORTGAGE

    I am thankful for ur kind reply.

    the thing is that I can get a mortgage other than buy-to-let i.e. Self occupy.

    Thanks a lot

    • Post Points: 20
  •  13 hours, 45 minutes ago

    Re: I am on HSMP and wish to get a BUY-TO-LET-MORTGAGE

    I am on HSMP and is currently looking for mortgage to buy house to live. I have 12 months left in my current visa, and have a permanent job. Who do you think are the best lenders in the market for us?
    • Post Points: 5