BTL 200k on a 435K house but no income - any suggstions

[PAUL500]

Need to buy out my ex on my recent self build, problem is I dont have an income yet as I am just finishing it off still.

Only way I can get a mortgage is on a buy to let, rent it out for a couple of years and eventually move back in when finances allow.

All the BTL mortgages it seems though want me to be earning, despite very low risk to them, rent would be treble the monthly interst only mortgage payment.

Any suggestions of lenders anyone has used recently please? it seems the market changed last month :-( before then not an issue!

[oldnbold]

Mortgage Works used to do (may still do) BTL mortgages without the need of regular income, although there rates and set up fee's were slightly high.

Worth a look.

[J012E]

Hi Paul, I think this is do able but as you said we will have to find a non mainstream lender.

I have PM'd you

[m4ckg]

Think you'll find TMW need proof of a regular income, already got one with them and looking to get another very soon due to divorce !

[Sarnie]

PAUL500 said:

Need to buy out my ex on my recent self build, problem is I dont have an income yet as I am just finishing it off still.

Only way I can get a mortgage is on a buy to let, rent it out for a couple of years and eventually move back in when finances allow.

All the BTL mortgages it seems though want me to be earning, despite very low risk to them, rent would be treble the monthly interst only mortgage payment.

Any suggestions of lenders anyone has used recently please? it seems the market changed last month :-( before then not an issue!

Is the property finished?