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  • Buy-to-Let

    Buy to Let as a first purchase?

    Hi All,

    My income is currently low and I am looking to change my job soon. (not great for a residential mortgage)

    I have a £50k deposit and would like to acquire a buy to let property as my first property.

    Is this viable and how much could I borrow?

    Any help is appreciated.
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    Hi and welcome to Property Tribes.

    Some lenders do not have a minimum income requirement and base the borrowing on what the rental income will support.

    With a £50K deposit, you could - in theory - be looking at properties around the £200K mark.

    The best thing to do is call Property Tribes Mortgages on 029 2069 5480 and ask them to advise which lenders will lend to you with your particular circumstances.

    That will then help you find clarity on how to proceed.
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    Thank you for the prompt reply.

    That's great I shall give them a call in the near future.
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