I want to remortgage my BTL studio flat?
only problem is the rent is low compared to it's value. does anyone know how to return with round the normal lending criteria of 125%
Answers:
Lenders are far more interested contained by the equity of the property at the moment, I have just taken on 2 buy to let and have found that as long as they are getting the 15% down none of them have be bothered on the rent I'll get. If they do ask all they will want to see is the habitation agreement so you can soon show them one of them. Source(s): http://www.propertyinvestor-news.co.uk
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Answers:
Lenders are far more interested contained by the equity of the property at the moment, I have just taken on 2 buy to let and have found that as long as they are getting the 15% down none of them have be bothered on the rent I'll get. If they do ask all they will want to see is the habitation agreement so you can soon show them one of them. Source(s): http://www.propertyinvestor-news.co.uk
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