Bad Credit Getting A Small Loan On Mortgage , Have Large Deposit

[dieseldick]

i want to buy house to let. its 80k i have or can put down 50k . but my credit rating is not good.

could i better secure a mortgage on this place buying to let as in a rental return would pay 500 pcm.

[ubasses]

Depends on how bad, if you have CCJs you are probably flogging a dead horse. If it a few small blips in your record there is a chance, a Broker would be your best bet as they are experienced at negotiating with Lenders and have a good idea of the Companies to approach.
With a buy to let, interest rates are usually higher and your record could push them up further. Your rental income will have to be a percentage of your monthly payments approx 130% and they will want to know how you will afford the repayments if the property is without a tenant for any length of time.