Alexis TANO

Registered with Property118.com
Monday 16th September 2013


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Total Number of Property118 Comments: 1

Alexis TANO

18:40 PM, 16th September 2013
About 8 years ago

I am purchasing a BuytoLet with the intention of moving in later

Reply to the comment left by "Puzzler " at "16/09/2013 - 17:06":

Thanks for your comments everybody. Here is some further info as SP suggests further clarity is needed.

I am currently in the armed forces and have housing provided by my employer.
The house I have been offered is currently owned by a friend and he has tenants in it that will be staying for approx 12 months more. I will be moving job location in 12 months (which ties in with when the tenants are leaving).

Although I genuinely want to buy the house to live in it when the tenants leave in 12 months, I would like to buy it now for two reasons: 1- to benefit from the rental income over the next 12 months, 2-to benefit from the increase in house prices over the next 12 months.

All facts will be presented transparently but I have struggled in the past with getting mortgage advisors to understand situations outside bog standard normal BTL or residential. I have checked affordability/eligibility with a couple of residential lenders and they are genuinely happy to lend on this property as a straight residential mortgage - my point is that this is not a back door to getting a loan we cannot afford.... Read More