Is BTL still possible?

Is BTL still possible?

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Discussion

Boom78

Original Poster:

1,236 posts

49 months

Monday 26th July 2021
quotequote all
Hi guys
I’ve been considering buying a small 2nd house or flat in my local area to rent out, ideally on a repayment mortgage plus deposit. The ultimate goal isn’t an income but to have a 2nd property purchased and paid off in X years as a future investment. Eg sell off.

Is there still a market for mortgages for this sort of thing? What killed the old BTL market? Was it just people trying to unsuccessfully make monthly income