First Time Buyer BTL

Posted on 23 March 2011 by Natasha

I have a unique situation for which I would like to get a mortgage and I wondered if you could help.

I would very much like to make an investment in a small property as a first time buyer. The problem is that I would like to live at home for a couple of years whilst I rent it out.

Although I have the correct deposit my income is not sufficient for the mortgage and so my parents are willing to act as guarantor.

Does a BTL mortgage exist for a first time buyer with a guarantor?


I am only aware of one lender who has considered a guarantor on a BTL mortgage for a first time buyer. they are not widely known outside of their local area but do lend across England and Wales.

If you are over the age of 21, their criteria not ours, please call on 0344 346 3672 and tell the consultant the date and title of your question. They will be able to look at your situation and advise you accordingly.


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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