Is there a lender that will provide mortgage finance for a trust ( than for an individual)?
I am the trustee of a trust that owns a flat and the other trustees and i wish to mortgage the flat (there is no mortgage at present). the loan would be on a buy to let basis and would meet all the criteria normally required. i have asked around and no broker has been able to find a lender - do they exist?thanks in advance.
Answer
Yes, there are bloke
y lenders who will allow trusts now. however, the trust must allow it in its wording, and most likely the trust administrator will have to ok it as well.
