Hi
Now that house prices are falling I'm looking at buying a property to rent out.
As I've paid off the mortgage for the property I live in do I need a buy to let mortgage? Would it be a the discretion of the the lender?
I'm assuming that BTL rates are higher because the majority of them are secondary mortgages.
Also, as It would be my only one could I claim to be a first time buyer?
Any advice welcome.
Cheers Dave F.