Government forcing landlords to house non-paying tenants for lengthy periods11:18 AM, 15th September 2020
About A week ago 40
I am an economics undergraduate(2nd year), 20 years old. My goal is to obtain my first BTL investment property within 1 year of graduating university.
I am saving every penny(as hard as it is) of my student loan, and will have £9k of capital at my disposal when graduating. As ambitious as it is (maybe naïve) I want to become a full time landlord managing my portfolio before I turn 30.
I have a very healthy credit score, after several steps over the years being put into place to achieve this.(credit cards, direct debits etc) I have the basics down through reading several books and keeping up to date with forums such as this one. (As you can imagine) I have lots of questions but the main one that I cannot find the answer to is, “would any lender touch a newly graduate, hoping to obtain an interest only mortgage first time buyer, who is earning a salary of around 20k” Taking into account the £9k capital and the good credit score.
Thank you for taking the time to read my discussion post. Any general advice anybody can give, tips, hints,words of warning to help me along my journey.
“If your going to think, you may as well think big”
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