If you are going to buy investment property using a buy to let mortgage you’ll probably want to know about the Six Month Rule.
What’s surprising is that it is more of a guideline than a rule, and not every lender subscribes to it.
Even more surprising, perhaps, is that “The Rule” still applies even if you buy for cash. Really? Yes, buying for cash makes no difference if you then want to refinance within six months.
In this quick video my very good mortgage broker gives his thoughts.
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