Buy 2 Let Mortgages

Fancy a Buy 2 Let property – but it needs some refurbishment before its rentable?

Most lenders will only consider a Buy 2 Let if it is immediately habitable.

There are, however, some products that are designed for Buy 2 lets that need light refurbishment. The refurb must be completed in 3 months.

The usual route is to get Bridging Finance – but a Bridge has high set up fees, and rates are typically 1.5% per month.

A standard ‘light refurb’ Buy 2 Let mortgage has much lower fees and standard mortgage monthly rates.

My Comment

. Light Refurbishment Buy 2 Let projects are difficult to fund.

. There are lenders who have mortgages for Buy 2 Let properties that need light refurbishment.

. A mortgage product is nearly always the cheapest way to fund this type of project.