Families are complicated. Choosing & financing your home is complicated.
We understand that. And we’ve been listening to our clients who’ve been finding a particular problem with how mortgage lenders view certain situations.
It’s not unusual where someone would like to purchase a buy-to-let property. That’s generally quite straightforward unless the tenant is going to be a member of your family. That’s the point where most lenders will refuse the application.
Yet it’s a not uncommon scenario with many grown-up children looking to provide accommodation for their parents in their twilight years. Equally, parents sometimes would like to sell their property, distribute a share of the proceeds to family and then live as a tenant in a family property, perhaps downsizing in the process.
We’re delighted to announce that we now have access to a mortgage product from a major Building Society that does accept buy-to-lets for family members. Find out more about our Family Buy-To-Let product or call us on 01704 808286 today.