When I pondered: Is there any such thing as an “easy” buy to let? I did know it wasn’t going to be so “easy”. However, what I hadn’t planned for was quite how early it would become not easy!
So what’s the story?
Well, as I plan to own this property for quite some time, I decided that I would purchase the property with a buy to let mortgage. Now, I know a lot of people think you can’t buy a property at auction with a mortgage – but if you’re organised you can turn it around in time. I have no idea why the media are reporting 10 week waits for valuations when mine was done in just a couple of days.
So happily the paperwork’s in, the valuation has been done and I sit here now with a mortgage offer in my hands. That took like a few days – maybe 2 weeks tops from application to offer.
But you know there’s a sting in the tale…