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Buy to let mortgage for expat ?

Last post Thu, Jul 16 2009, 7:22 PM by slowtolearn. 0 replies.
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  •  Thu, Jul 16 2009, 7:22 PM

    Buy to let mortgage for expat ?

    To cut a long story short, I've been jointly left a house valued at approx. £180000 in its current state. I need a loan of £75000 to buy out the other beneficiary and then I intend to renovate and rent out the property. Estate agents value the property at approx £225000 once renovated with rental income of £700 per month. With over 65% equity in the property surely I must be low-risk but my problem is I live and work in Germany so which lenders are going to give me a mortgage ?
    • Post Points: 5