Clause in lease seems to have put a spanner in the works for BTL remortgage

[TakashiJo]

I own a flat which has an unexpired lease. I am in the process of remortgaging the flat. I received a mortgage offer from a lender. However, I had only nineteen years left on my lease; The lender requires all properties on which it lends, to have a minimum of twenty years remaining on the lease....

[mgcoops]

Hi, I was hoping someone could help me.

I have a BTL property that was my own flat before I got married.

After a few years of marriage I became a 40% tax payer so was being stung for a lot of tax on the income from my property so I did a Deed of Trust to my wife in order...

[KSP]

I have a property on buy to let mortgage. I am considering moving abroad for a while. Do I have to tell my BTL lender? When I googled, all the answers are about getting permit to let for your residential home. How about BTL provider? Is it true that I don't have to tell the lender as long as I have...

[newtothislark]

At the grand age of 47, I am about to buy my first buy to let property a one bed flat in cash..... partly because there is only 67 years on the lease so it would be difficult to get a mortgage ...I am hoping to resolve this with the other leaseholders when I acquire the flat and may be able to release...

[MarcusAlex]

Hi - new member to the forum hoping for some help.

Currently have 1 property in Sheffield that i got for a bargain (was on at £85k eventually bought for £43k - made my bid, rejected - left it open on the table and a few months later got a call asking if i wanted it still)
...

[splodge2001]

I own a maisonette in a Victorian house. It was built privately but in 1974 Camden Council bought the house and split it into two maisonettes. I'm remortgaging and am not sure if its classed as ex council or not. Camden is the freeholder but it's not a purpose built Council block. It's just a regular...

[tronec]

hi , i live in a house that is valued at around £220,000 with £42,000 remaining in mortage.

I have a second property a commecial that is valued at £220,000 with no mortage, this produces £1000 per month in rent.

I have another residential property valued at around £120,000...

[roypartington]

Hi everyone.
I have one BTL which has increased by approx £20k in value since purchase along with our own property which has increased by approx £100k in value since we purchased.

The BTL was on a fixed rate interest only which ended approx march this year and has since reverted...

[Boodle-Oodle]

Hi

I have two questions:

1.If my husband receives half the rental income and I receive half, and say for example each half is below £2500, does that mean no tax return is required?

2.If we increase the mortgage (as we are investing in another property which...

[shivy]

I'm to move abroad for work and would like to rent my house.

At the moment I have a normal owner offset mortgage for 15 years, still 60% of the house left to pay.

Do I need to remortgage to a specific mortgage type in order to be able to rent the house ?

...

[bobmc]

We have a buy-to-let mortgage on an investment property in London. We currently have the mortgage with Mortgage Agency Services (MAS) - we have finished the fixed period on the mortgage so there are no redemption penalties.

Loan is GBP 145,000
Value of the property is approx GBP...

[royp]

I appreciate that the advice given here is given in good faith so Im just after pointers really to mull over.
It may be that what I have in mind is not possible.

I would like to purchase another property for around the £145k area max.

I have 1 BTL at the moment...

[learner80]

I have a property that was bought in 1986 . The purchase price paid was £110 K and I took a mortgage of £100 K. This property was used as the family home initially. In circa 1990, I started to convert this property into multiple flats. This property was brought into the rental business in circa 1991....