Frequently asked questions

Q What are my options for mortgage advice if a client wants to buy a property to let to a relative? When the proposed tenant of a property is related to the landlord, any mortgage would have to be on a regulated buy-to-let (BTL) basis, which means that a number of the usual BTL lenders are unable to consider these cases.  Two that do lend on these cases are Northern Rock and Leeds Building Society however, that both these lenders will disregard the rental income and affordability is based solely on the applicant's personal income.  In both cases therefore, applications will proceed on a...