Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 3 weeks ago 97
So many buy to let borrowers get frustrated because BM Solutions will only allow them to have 3 buy to let mortgages. However, now they have removed their minimum income requirements, this criteria is very easy to overcome for many borrowers.
The answer is to own the properties in your individual names. That way a couple can have three mortgages with BM Solutions each. Hey presto, that’s six mortgages with BM Solutions.
The are also many other advantages of owning the properties in individual as opposed to joint names. For details of this see my Landlord Tax Strategy.
If you would like to discuss further borrowing strategies why not have a chat with my business Partner, Neil Patterson. His contact details are email@example.com or you can call him on 01603 489 118.
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