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Is it best to purchase buy to let flat in W1 this year?

I am planning to buy a flat in W1 area and then rent it. The problem I have is that I don't have a job and looking for a mortgage who can lend me 60%. I am wondering if you can advise me on this. Many thanks in advance, Liza.

Asked on May 20 2011, Home Finance in London | Report content

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  • Well it is certainly possible, and if you buy correctly then you won't need an income as long as you have the 40% deposit. You could probably buy more than one for that money, depending on your timeframe, and then get the money back in the next 6-12 months to buy a few more. Feel free to speak to me if you need more advice.

    Answered on May 21 2011, Report content
  • £21,000 isnt a lot if you have to live on it but you could get a mortgage in Luton, Manchester, Leeds ect

    Answered on Jul 16 2011, Report content

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