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Buy to let

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  • 13-07-2007 1:57pm
    #1
    Trinity
    Closed Accounts Posts: 4,662 ✭✭✭


    Quick question.


    Does any one know if you get a bigger mortgage if you are buying to let? Meaning buying with the intention of letting out the house?


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    #2
    Victor
    Registered Users Posts: 78,350 ✭✭✭✭Victor


    Generally no. Buy to let mortgages tend to be shorter and with a lower loan to value percentage.

    However, given some other comment you made elsewhere, if what you mean is "will I get a bigger mortgage if I take in a lodger", then generally the answer is yes.


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    #3
    Trinity
    Closed Accounts Posts: 4,662 ✭✭✭Trinity


    Victor wrote:
    However, given some other comment you made elsewhere.


    I make a lot of comments so not sure to which one you are referring :D

    But No its not for me, if i ever did manage to get a mortgage it would be for somewhere to live for myself and i wouldnt take a lodger with my children. i was just chatting to a friend who wants to travel but also wants something to come home to. And i have just been letting for 15 months from a guy who was away travelling the whole term of the lease. Nice set up really however he worked it out.

    Thanks though!


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