BTL... when you don't already own a property

[conanius]

I've got a bit of a complicated financial situation, but suffice to say it doesn't make sense for us to buy our own property at the moment.

That leaves us with a reasonable house deposit sat in a savings account earning minimal interest.

I'm interested in exploring a buy to let, but need to talk this through with someone...

Do products exist for this requirement?

[stoocake]

Hopefully you'll get more useful replies, but yes, they do.

I only rent the house I live in but own a BtL mortgaged house that I rent out. I wish I could buy another to live in but I'm in similar position to you by the sounds of it.

[Sarnie]

There are lenders who will do First Time Buyers who are also First Time Landlords but most have minimum salary requirement of £25k+

If you want a chat, feel free to PM me!

[conanius]

Thanks for the replies chaps, PM sent Sarnie

[conanius]

And just to close off the thread for any future people searching.

Spoke to Sarnie, got an idea of numbers, gone off to have a think. So yes, it is possible to get a BTL mortgage when you don't currently own something !