BTL Mortgage in flood risk area

[james_r_l]

Good morning

 

Just had searches back on a BTL i'm purchasing in cash but will look to refinance after 6 months. It has come back that it is in a floor risk area and was flooded in 1990 but there is now flood defences in place. Would this pose problems getting a mortgage in 6 months time or would i just be limited to lenders?

 

Thanks

James

[astonthemortgageguy]

Hi James, 

This wouldn't be a problem, the lender would just want you to have adequate buildings insurance in place.

 

[james_r_l]

Awesome, cheers Aston!