Fair Rents (Scotland) Bill or Artificial state manipulation of free market rent?10:34 AM, 6th November 2020
About 4 weeks ago 36
We are about to purchase our first BTL through a Ltd company, I already have a couple in my own name, but have decided to shift to the Ltd co. model.
The property will be purchased upfront with cash, however I would then like to mortgage the property to free capital up for future purchases.
My main questions are around options and timings, at what point in the cash purchase price are we able to start applying for the mortgage? I have heard we may have to own the property for 6 months before we can start applying, but that there are lenders out there who may let you do it right away?
Would love to hear from anyone who has gone through the same process.
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