mortgage on a buy to let basis

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alan30
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by alan30 » Thu Jan 14, 2010 9:35 pm
Do you know of any lenders willing to give a mortgage on a buy to let basis (or other) to someone under an IVA (I still have 15 months left). I have 30% deposit waiting.

 

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Shining
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by Shining » Thu Jan 14, 2010 9:59 pm
Hi alan and welcome to the forum, I personally don't know the answer to your question and wonder if to make a f&f offer in respect of your IVA to conclude your IVA early may be a better option with the deposit money. Is this being funded from a 3rd party?

You would then not be in an IVA and therefore be in a more favourable position to gain a mortgage and have time to save a deposit as the IVA drops off your credit file 6 years after acceptance.

 

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MelanieGiles
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by MelanieGiles » Thu Jan 14, 2010 11:20 pm
Even if there were a lender out there willing to lend, how will you fund the ongoing payments on this property, and is the deposit coming from a third party?
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