Finance on New Build Flats

HI Gecko,

I think this is duplicated but yes most bank will but it is on a case by case for amount in excess of 60%.
 
very difficult at present as unless you are agreeing prices now the price you agreed to pay will not be the same as the valuation which will affect your LTV and you will end up putting a big % to the mortgage to complete the sale....
 
hello,

my sister is trying to secure a small buy to let mortgage on a one bed apartment that she owns (which she is currently renting out to tenants). She is unemployed at present but was hoping to secure the loan based on the rental income which is considerably higher than the mortagage payments. Having talked to one bank, she is being told that she needs to be employed to get a mortgage regardless of the rental income etc. The bank told her that in case the rental income stopped, she would need means of paying the mortgage. Are there any banks out there who would be more flexible and say that as the mortgage payments are less than 50 percent of the rental income, then her lakc of employment does not matter?

Does any-one have any experience of getting buy to let mortgages when unemployed?

Thanking you,

Rusty
 
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