a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
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going to bank to see bout getting a mortgage at 3pm 
seen a house needing some modernisation locally, basically needs a new fire place carpets and a tidy/paint. Got particulars yesterday, back doesnt have double glazing but is no biggy if renting it out.
Fingers crossed they will give me enough ££ to make an offer on it.
Only thing is  if i get a house i wont be able to get a BMW that i was looking at 
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stubbsy05
Member
Registered: 23rd Oct 02
User status: Offline
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How much is the property mate?
If your going to buy it rent out, you will need a buy-to-let mortgage.
[Edited on 08-06-2006 by Alex.S]
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a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
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yes i would imagine that is what they will offer me, this is what i am going to ask about and sort out what i can afford
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Dione J
Member
Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
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Forget the BMW, the house doesn't de-value & if your going down the buy to let route then people will be paying off your mortgage whilst you watch your investment grow and grow 
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a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
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quote:
Originally posted by d_jay50
Forget the BMW, the house doesn't de-value & if your going down the buy to let route then people will be paying off your mortgage whilst you watch your investment grow and grow
that is the plan  start of my little empire
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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You may need a big deposit if your getting a buy-to-ket mortgage
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Jamie Walby
Member
Registered: 15th Nov 04
User status: Offline
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Nevermind about the BMW, getting a house is a much more worth while investment.
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John_C
Member
Registered: 5th Mar 03
Location: South east, Bromley
User status: Offline
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15% min deposit and 125% rent to interest cover for most deals
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stuartmitchell
Member
Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
User status: Offline
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quote:
Originally posted by a_j_mair
quote:
Originally posted by d_jay50
Forget the BMW, the house doesn't de-value & if your going down the buy to let route then people will be paying off your mortgage whilst you watch your investment grow and grow
that is the plan start of my little empire
defo mate
my mate bought his first house at 18 and just bought another one fcuking loaded 
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a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
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went quite well can get a decent enough mortgage and isnt as much a month as i thought it was going to be. GHoing to look at a property tonight
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Mav 3000
Member
Registered: 16th Aug 01
Location: Leicestershire
User status: Offline
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If you buy a house to rent out, where are you going to live?
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BYRON
Member
Registered: 1st Jun 04
User status: Offline
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quote:
Originally posted by Mav 3000
If you buy a house to rent out, where are you going to live?
Where he probably lives now - with his parents? Its not like he lives on the streets?
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