A question I am sometimes asked is, “Peter, do I need to own my own home to qualify for a limited company buy to let mortgage?”.
And the answer is “no, you don’t need to be a home owner”.
After all, there are many people who could afford to buy a cheaper buy to let property, but who live in an expensive area where it’s not feasible to buy their own home.
So could they buy a buy to let? Subject to the lenders criteria and due diligence, yes.
Of course, a follow up question might be “would it be easier to qualify for a limited company buy to let mortgage if I own my own home?” and the answer to that is almost certainly “yes” as well.
Here’s to Successful Property Investing.
Peter
Peter Jones
(ex) Chartered Surveyor, author and property investor
https://www.ThePropertyTeacher.co.uk
PS. By the way, I’ve rewritten and updated my best-selling e-book, The Successful Property Investor’s Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
For more details please go to:
https://www.ThePropertyTeacher.co.uk/the-successful-property-investors-strategy-workshop
