Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
We have just bought a BTL house for £175k cash at auction.
We are keen to get it mortgaged ASAP so that we are in a position to buy for cash again.
We have heard about the 6 month rule/guideline but wondered; which lenders would be happy to value and lend earlier?
We don’t need anything clever, it was just valued at the £175k and if we had to leave 25% or even 35% in that would be fine. We just want to be able to actively consider other purchases now instead of having to wait for 6 months.
If you have any experience or tips, please share!
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More