Family Buy to Let Mortgage

[Double Fault]

Hi

I'm considering a BTL for a family member and understand that I would need a regulated/family BTL product.

They don't seem to be at all mainstream so wondering if anyone on here has any experience, or perhaps knows a good broker who could advise me?

I appreciate the rate is a bit higher but will I be able to borrow similar amounts to a normal BTL for example.

There are no issues with the finances or dependability of the family member in question.

Cheers

[Killer2005]

Sarnie would be your man.

[Sarnie]

Double Fault said:

Hi

I'm considering a BTL for a family member and understand that I would need a regulated/family BTL product.

They don't seem to be at all mainstream so wondering if anyone on here has any experience, or perhaps knows a good broker who could advise me?

I appreciate the rate is a bit higher but will I be able to borrow similar amounts to a normal BTL for example.

There are no issues with the finances or dependability of the family member in question.

Cheers

I can help with this, feel free to drop me a line if you want a chat

[Double Fault]

Sarnie said:

I can help with this, feel free to drop me a line if you want a chat

Perfect….will do. Thank you.

[Sarnie]

Killer2005 said:

Sarnie would be your man.

Thank you BTW

[Sir Bagalot]

Is the family member on housing benefit? If so you may not get paid as it could be a contrived tenancy.

Then of course there is the Golden Landlord Rule #1: Never ever ever rent to family of friends.