Simple Buy to Lets
You don’t need any experience for this! If you own your residential property then this opens up your options, but there are still lenders for first-time buyers.
Be aware there may be a minimum income requirement, so make sure to be really upfront with your broker.
HMOs
For small HMOs (up to 6 bedrooms) we have a number of options for first-time investors.
What has changed is that we now have options not only for first-time buyers but also large HMOs for first-time investors or buyers.
These are medium-term products to allow you to gain experience in this area.
Mixed-use Properties
We now have a lender for first-time investors for simply mixed-use properties!
This is a great opportunity for investors to move into a different area, look at longer-term lets and be able to look at more properties.
The commercial element needs to be let, although we can use a bridge if we need to first.