Can I get a buy to let mortgage after buying with cash?

Posted on 9 December 2013 by Georgie

Can I get a buy to let mortgage after buying with cash?

I am buying a property with cash. Are there buy to let mortgages I can apply for after I have completed?

The short answer is that 'yes' there are, however not every lender will consider them immediately after completion. The majority of lenders will only look at a remortgage after you've owned the property for 6 months, so your choice would of lender would be somewhat reduced, if you apply within this timescale.

We naturally would need a better understanding of your circumstances, as every case is assessed individually, to look at what the best option would be for you.

If you'd like to speak to one of our consultants to get a clearer idea of what's available to you, then please let me know and I'll sort out a suitable time for one of them to contact you.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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