Investing in buy to let property makes a great deal of sense, said the British Landlord Association (BLA) in an article on the 18th of May 2020 – while at the same time also warning that it is by no means a route to getting rich quick.
Being a landlord is no walk in the park, insists the BLA, and it is likely to come with its moments of stress, hard work and, above all, good judgment in your investment decisions. A lot of the qualities it is going to take might require a mature head and at least a little experience of the property market in general.
The question arises, therefore, whether you are likely to be cut out for the role of a landlord if you are a first-time buyer – and, more critically perhaps, whether you are even likely to get a mortgage as such an investor.
Although a buy to let (BTL) mortgage for a first-time buyer is perfectly feasible, it is likely to be a more challenging process than for those who have proven experience in the…