rox
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best time to get a buy-to-let mortgage - 2006/12/05 04:31
best time to arrange buy to let financing is as soon as your offer has been accepted for your property. Remember you may make an offer and it may not be accepted. as soon as you have got an acceptance, buy to let mortgages are relatively straightforward to arrange.
sometimes however you may be in competition for a property against other landlords. In these cases, some lenders offer "forward buying facilities" to landlords. these are best utilised by experienced landlords and if you are buying your first buy to let mortgage, you may need to establish a rapport with a lender in order to be in the position to do this.
the competition for buy to let properties usually occurs when landlords are buying property "off-plan", this is when a property is being built and flats, for example, are sold out of this building.
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