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Completing my first property purchase

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3tic

New Contributor
Dec 19, 2017
7
19
23
Uk
Hello,
I am proud to say at 19 years old i have managed to complete my first buy to let investment!
It is a split investment with a likeminded friend and we are both 19
In the UK it can be a pain to get a normal mortgage for your average person let alone two young persons.
A few banks shunned us at the first opportunity but it has been completed and the tenant is moving in very soon.

Things i learnt:
Be prepared to answer a lot of questions - i was asked many things even down to the cost of my commute each month.
No bonuses and overtime were allowed into calculation.
The bankers will look down on you a lot if you are in a similar position to me.
A financial adviser was not needed ultimately but came in very handy at some points.
 
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Envious

Bronze Contributor
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Speedway Pass
Sep 26, 2017
251
408
London
Nice! I bought my first property 6 months ago, although it was a property to renovate, live in for a few years and re-mortgage to buy a second.
What part of the UK are you from?
 

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