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deposit

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henrys | 15:25 Thu 29th Nov 2007 | Business & Finance
4 Answers
a buy to let property of 200.000 pounds
what would the the deposit
at to days rate
tia
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Avatar Image redcrx
a buy to let would usually want 15 % deposit against the mortgage.

The valuation of the property would also be based on its potential rental income rather than its market value.
15:31 Thu 29th Nov 2007
Avatar Image EverClean
Generally 15% deposit - �30,000 - but the rental income is more important for a lender.
17:11 Thu 29th Nov 2007
Avatar Image Uzoma
There are lenders that would accept a 10% deposit too but generally they are few and far between.
13:35 Tue 04th Dec 2007
Avatar Image velvet lady
dont do it!!!!!

invest your dosh elsewhere, btl market is awful, loads of landlords have empty flats

dont buy brand new apartments, they are a money pit

buy an old house, close to shops, bars etc, and rent ot to decent people, not council scutters on benefits as they will trash your place cos they have no respect
13:38 Tue 04th Dec 2007

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