What is the best mortgage for an investment property in the UK?
I'm a few years away from retirement and am looking at purchasing a property in the UK to use as an investment and/or vacation home. What type of mortgage would best fit my situation?
You haven't mentioned if you currently reside in the UK as many lenders will only deal with residents of the UK. Having said that there are some that will help ex-pats etc but this is where you really need to see an IFA who can use their specialist knowledge.
to be honest there is no one answer to who is the best lender as the follow up questions will often lead to a different lender for a dozen people with the same initial requirements. | 12.07.10 @ 13:53
Thanks Darren, I do not currently reside in the UK and am a US citizen. So a potentially better question to ask is: What are the barriers to obtaining a mortgage for an expat? | 12.07.10 @ 18:52