Got rejected for a BTL (buy-to-let) mortgage this week, due to insufficient income. Didn't think that was possible, i thought the whole point of BTL is that rent covers the payments. Anyway, so need to think of plan B, as i'm about 50 grand short on planned budget. Some ideas (the legal ones only):
1. find a specialist lender who will offer the money
2. get a private investor
3. get a job
4. do most the work myself instead (except plastering and electrical/gas)
5. pack up and go to south america for the winter
Currently exploring all options.
What would you do?
