23:47 PM, 25th June 2015, About 7 years ago 6
I live in a rent and maintenance free house as part of my employment package, therefore my salary is reduced to reflect this.
I recently sold a property so have approx £100,000 deposit and hope to borrow £250,000 – £300,000 for a buy to let property.
Problem is because my salary is just shy of £25,000, and I don’t have a mortgage of my own, my adviser says only 2 lenders are willing to help, but at high fees/rates or expected rental return.
Are there any lenders who are not so blinkered and are prepared to take my case on more than face value? My affordability is better than a lot of folks (my employers also pay for all my car costs and I have income from a lodger)
Hoping for some good advice!
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