My parents currently rent a retirement flat.
I want to buy a flat (with mortgage) - about 100k - and then rent it out to my parents so I can pay the mortgage.
However:
I can not get a buy-to-let mortgage due to the high deposit (15%) required.
I can not raise capital on my current mortgage 'cause it's huge anyway.
What I want to know is - this particular situation seems to me to be relatively risk-free - the rent/mortgage is guarenteed - is there a lender or some "scheme" that will help me ??
Ta