Quote:
Originally Posted by Oliver_W
Sounds interesting, I might snap up a flat while the goings good, put it up for rent and sell it later.
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A lot of these guaranteed/low deposit mortgages are for live-in owners only and have specific conditions that say you can't buy to rent.
I considered it last time they were doing 5% deposits because at the time there were one-bedroom flats in a town near here going for £20k and renting for £450/month. I had dreams of being a slim landlord
. But alas, no, you need a specific type of mortgage to rent out.
Officially anyway. You could always rent to someone dodgy if they're willing to pay cash in hand [emoji23]