Seico Mortgages are our in-house independent mortgage advisors who give impartial advice. Here they answer some of their most frequently asked questions when it comes to buy-to-let properties.
I own my own home and I want to invest in an HMO buy-to-let property. I don’t have any experience as a landlord, can I still get a mortgage for this?
Most lenders will require you to have landlord experience, typically ranging from six months to two years. However, there are some specialist lenders that will lend to you without landlord experience.
I want to buy an investment buy-to-let property, but don’t own my own home as I live with my partner. Is this possible?
This is possible as some lenders will consider this, subject to rental and feasibility checks.
I want to purchase a buy-to-let property, but only have a 20% deposit and have been told this isn’t possible, as I need 25%.
There are some lenders that will go up to 80% loan to value and will consider this.