Welcome to the reallymoving forum
Got questions and need some advice? Our forums have answers on everything from choosing the right property, to renting and selling.
  • If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Announcement

Collapse
No announcement yet.

Interest only development mortgage, is there such a thing?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Interest only development mortgage, is there such a thing?

    Hi, i wonder if anybody can help me please? We took out an interest only buy to let mortgage last year to buy and renovate then let out the property. We did this with the full intention of letting the property out long term. However after we totally renovated it we changed our minds and sold it for a tidy profit. We now intend to buy and renovate and sell next time, instead of thinking of letting. Is there such a thing as a interest only development mortgage rather than getting a buy to let? Your answers are much appreciated. Thanks Meurig.

  • #2
    Re: Interest only development mortgage, is there such a thing?

    There absolutely is, you will pay a premium for development finance compared to a buy to let mortgage but you can arrange for the lender to fund part of the development costs.
    Large mortgages and High Net Worth Mortgages from enness private clients

    Comment

    Working...
    X