I can't afford my own home but can get a buy-to-let - should I do it?
I am 現在／一般に renting and putting away a かなりの 量 of my 月毎の salary into saving to buy my first home.?
権利 now, I have enough for a 25 per cent deposit in the area where I want to live. The 問題／発行する is that as a 選び出す／独身 person, my salary isn't enough to borrow the mortgage I need on the 残り／休憩（する）.?
I am wondering whether I would be better off buying a cheaper 所有物／資産／財産 as a buy-to-let, to get on the ladder and hopefully acquire an 資産 that grows in value.?
窮地: While our reader has a big enough deposit to buy where they want to live, they don't have a large enough income to 安全な・保証する a mortgage
I understand that mortgages for buy-to-let 所有物／資産／財産s are based on the rent that can be 告発（する），告訴（する）／料金d, instead of the person's income.??
Will I be able to get a buy-to-let mortgage, and what 率s should I 推定する／予想する?
Second, could I buy and then rent the flat from myself as long as I 支払う／賃金 market rent?
Third, the area I want to buy is not 特に high 産する／生じるing ーに関して／ーの点でs of rents. Should I 購入（する） a buy-to-let in a more up and coming area where 賃貸しの returns are higher as a 割合 of 所有物／資産／財産 values??
Ed Magnus of This is Money replies:?This is a ありふれた predicament 直面するd by many young people getting on the ladder.
While for many, raising a 十分な deposit is the biggest 障壁 to them getting on the ladder, there are plenty of others who have the deposit but can't get a big enough mortgage 予定 to their income -?特に when buying alone.
This is because most mortgage 貸す人s tend to 限界 borrowers to a 最大限 borrowing of 4.5x their 年次の income.
This can be a? major problem in 場所s where house prices are much higher than 普通の／平均（する） 収入s.?
Take London, for example, where the 普通の／平均（する） price of 所有物／資産／財産 is £508,000, によれば the 最新の Land Registry 人物／姿／数字s.
Even if someone here had a 25 per cent deposit equating to a staggering £127,000, based on a 4.5x income 多重の, they would also need to earn almost £85,000 a year to get the mortgage they needed.
Our reader 明確に has a 明確な／細部 type of 所有物／資産／財産 they want to buy and a 明確な／細部 area they want to live in. That's fair enough, given it may 井戸／弁護士席 be the biggest 財政上の 決定／判定勝ち（する） of their life.
It is possible to 購入（する） a buy-to-let 所有物／資産／財産 instead, although mortgage 選択s may be 限られた／立憲的な.
There are also さまざまな 税金 関係のある downsides when doing so. First, is the loss of 主要な／長／主犯 住居 救済 when you come to sell.
This 税金 救済 means homeowners are not 告発（する），告訴（する）／料金d 資本／首都 伸び（る）s 税金 on any 伸び（る）s they make when they sell their main home.
This is not the 事例／患者 for someone selling a buy-to-let 所有物／資産／財産 they have never lived in, meaning 資本／首都 伸び（る）s 税金 is 告発（する），告訴（する）／料金d at 28 per cent of the 伸び（る） for higher 率 taxpayers or 18 per cent of the 伸び（る） for basic 率 taxpayers.
There could also be a knock-on 衝撃 when it comes to the stamp 義務 land 税金 (SDLT) they 支払う／賃金 in the 未来.
People are classed as first-time 買い手s 関わりなく whether they are buying a 所有物／資産／財産 to live in or let out, so that will mean you will get 救済 on your 初期の 購入（する）.
At 現在の, first-time 買い手s are 免除された from stamp 義務 on 所有物／資産／財産 購入（する）s up to £425,000,?反して for a normal home mover it starts at £250,000.?
The problem may arise when you 結局 do buy a 所有物／資産／財産 to live in, as you will no longer qualify for that 救済.??
If you keep 持つ／拘留する of your buy-to-let 投資, you will also be 攻撃する，衝突する with a 3 per cent stamp 義務 割増し料金 for 存在 a second home owner.
For example, if you were to keep 持つ／拘留する of the buy to let 投資 and go on to buy a home to live in for £400,000, this will mean you 結局最後にはーなる 存在 告発（する），告訴（する）／料金d £19,500 in SDLT compared to the £0 告発（する），告訴（する）／料金d as a first-time 買い手.?
For その上の 専門家 advice, we spoke to Chris Sykes, technical director at mortgage 仲買人 私的な 財政／金融 and 示す Harris, 長，指導者 (n)役員／(a)執行力のある of mortgage 仲買人 SPF 私的な （弁護士の）依頼人s.
How much can they borrow?
示す Harris replies: Rising rents have made it difficult for first-time 買い手s to save for a deposit so it's impressive that you have managed to raise 25 per cent, 増加するing your mortgage 選択s and 潜在的に 減ずるing the 率.?
However, as you are buying on your own, your income is insufficient to 達成する the borrowing 要求するd.?
専門家:?示す Harris , 長，指導者 (n)役員／(a)執行力のある of mortgage 仲買人 SPF 私的な （弁護士の）依頼人s
貸す人s tend to lend up to 4 or 4.5 times income, giving わずかに more to those on higher salaries.
Check that the 貸す人 takes all income sources into account when deciding how much you can borrow. If you are in 領収書 of variable or 非，不，無-保証（人）d 特別手当s, these may be 除外するd.
If you were to buy a 所有物／資産／財産 to live in, you may be able to 上げる the size of your mortgage by utilising the income of assistors, such as parents, 経由で a guarantor 計画／陰謀 or a 共同の borrower 単独の proprietor mortgage. This is where the 貸す人 許すs more incomes to be 含むd in the affordability 査定／評価.?
Alternatively, if you planned to rent out a spare room, some 貸す人s may take this income into account when deciding how much you can borrow.?
The rent-a-room 計画／陰謀 lets you earn up to a threshold of £7,500 per year 税金-解放する／自由な from letting a furnished room.
Chris Sykes 追加するs:?There is a chance you could borrow more than you think, ーするために buy your own home.
Mortgage 率s have 緩和するd off over the past few months, and 貸す人s such as Perenna are able to consider lending up to six times 年次の income.
Can they buy their first home as a buy-to-let?
Chris Sykes replies: This is something that I've seen several （弁護士の）依頼人s do, 特に London （弁護士の）依頼人s.
They will buy out of their own area so that they can afford to get on the 所有物／資産／財産 ladder, even if it is not a 所有物／資産／財産 they ーするつもりである to live in.
Out of town: Chris Sykes of mortgage 仲買人 私的な 財政／金融 says first-time 買い手s looking at buy-to-let should find somewhere far from where they live if they want to get a mortgage
Will they have trouble getting a mortgage?
Chris Sykes replies:?There are plenty of 貸す人s that do buy-to let mortgages.
Some will 要求する you to be a homeowner ーするために get one, which would 支配する you out.?
But there is also a subset of 貸す人s that are happy with 'first-time 買い手, first time landlord' 使用／適用s.?
Just be aware that buy-to-let 貸す人s may need to 査定する／（税金などを）課す you both on the 賃貸しの income, and on your own income and 去っていく／社交的なs.?
We'd also need to give a 貸す人 a really good story as to why you are doing this, why you aren't looking to buy your own home, etc.?
The 支配する of thumb is a buy-to-let needs to be far outside of the area you live in.
It's also 価値（がある） pointing out t hat buy to let mortgage 率s already come at a slight 賞与金, so その上の 狭くするing the pool of 貸す人s would attract a わずかに higher 賞与金.?
示す Harris 追加するs:?選ぶing for a buy to let as your first 所有物／資産／財産 can be problematic.?
貸す人s may be 関心d that you 計画（する） to live in the 所有物／資産／財産 yourself rather than rent it out, which is a big no-no for them.?
So they tend to base borrowing on an income basis, rather than the 賃貸しの income and you'll have to pass a 基準 affordability 査定／評価.
Could they buy and then rent the flat to themselves?
Chris Sykes replies: No, definitely not.
They would need to be 保証するd you would not be living in the 所有物／資産／財産 at any point.?
One of the mortgage 条件s of most buy-to-let mortgages is that you or your family are not able to live in a buy to let you own.
Should they look for higher-産する／生じるing areas to 投資する?
Chris Sykes replies: This is often what people do. For example, they may live in London, but 購入（する） buy to lets in York, 物陰／風下d, or Sheffield where there are much higher 産する／生じるs.?
The main consideration with this is making sure you are aware of any 管理／経営 料金s 伴う／関わるd with buying out of the area you live in.
示す Harris 追加するs:?Many 投資家s 選ぶ for higher-産する／生じるing areas as it not only 潜在的に diversifies their 大臣の地位, it 許すs the 可能性のある to borrow more.?
As a landlord, you may also 利益 from that 所有物／資産／財産 having a lower 資産 price (for example, if you bought in 物陰／風下d rather than London).
What else should they consider??
示す Harris replies: With buy-to-let looking tricky for you, it may be 価値（がある） 調査するing other 選択s.?
For example, could you 増加する your deposit その上の? Is there a family member who could 補助装置, perhaps the Bank of Mum and Dad??
Utilising family 貯金 マリファナs or 公正，普通株主権 within an 存在するing 所有物／資産／財産 may make a difference to how much you can afford.
Other 計画／陰謀s which may be 価値（がある） a look 含む 株d 所有権, or specialist 製品s such as Skipton 跡をつける 記録，記録的な／記録する which takes into account rent 支払い（額）s.?
Long-称する，呼ぶ／期間／用語 直す／買収する，八百長をするs may also be 価値（がある） considering ? some 貸す人s have 製品s 直す／買収する，八百長をするd for the whole 称する，呼ぶ／期間／用語 of the mortgage and as the borrowing is 強調する／ストレスd on the actual 支払う／賃金 率 (as …に反対するd to the higher 基準 variable 率), you could be able to borrow more.?
製品s are 定価つきの hi gher than other mortgages, but some, such as Perenna, have a 限られた／立憲的な 早期に 返済 告発（する），告訴（する）／料金 period (five years in this 事例／患者) which means you could switch later.
