{"id":852,"date":"2013-06-05T12:59:00","date_gmt":"2013-06-05T05:59:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-want-to-rent-out-my-current-home-and-buy-a-second-with-my-girlfriend\/"},"modified":"2016-01-06T12:49:10","modified_gmt":"2016-01-06T05:49:10","slug":"i-want-to-rent-out-my-current-home-and-buy-a-second-with-my-girlfriend","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-want-to-rent-out-my-current-home-and-buy-a-second-with-my-girlfriend\/","title":{"rendered":"I want to rent out my current home and buy a second with my girlfriend"},"content":{"rendered":"


\nDo the sums work to allow me to become a buy-to-let landlord?Q I’m thinking of renting out my home and buying a second house in the near future. My current house is worth around \u00a3105,000, the mortgage is \u00a382,000 and I think I could get around \u00a3475 a month in rent for it. I’m looking to buy a second property with my girlfriend for around \u00a3150,000. I earn \u00a330,000 a year and she earns \u00a317,000 a year. MWA Your plan to rent out your house while buying another property with your girlfriend seems to work \u2013 but only up to a point. Because you don’t need to borrow more than 80% of the value of the property you could convert your current mortgage to a buy-to-let mortgage. If you wanted to borrow more than 80% of the value of your property, buy-to-let would not be an option because 80% is the most a buy-to-let lender will lend. Continue reading…
\n
\nSource : theguardian.com
\nRead more…I want to rent out my current home and buy a second with my girlfriend<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Do the sums work to allow me to become a buy-to-let landlord?Q I’m thinking of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-852","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-dK","jetpack-related-posts":[{"id":140072,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-use-my-lifetime-isa-to-buy-a-house-to-rent-out-or-wait-until-i-leave-the-forces\/","url_meta":{"origin":852,"position":0},"title":"Should I use my lifetime Isa to buy a house to rent out or wait until I leave the forces?","date":"October 30, 2023","format":false,"excerpt":"\r Once I have left I intend to make a purchase with my girlfriend but need advice as a first-time buyerQ I am currently planning on using my first-time buyer lifetime Isa to buy a house to rent out. 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