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can i include my rental income in my salary
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that's true, but I've been told that there are lenders who'll let you remortgage provided you have a good credit rating and havent missed any payments, as I do, and provided your income levels are to their satisfaction...
I'm not sure who told you that, but I'm not aware of any lender lending over 97% LTV at present. If you are looking at self cert, you'll need at least 20% equity. You can earn as much as you like, but where a loan is secured on a property, no one is going to lend you more than the value of that property in the current climate."Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
If you include your rental income, then the mortgages you have on those properties will also be taken into account. Presumably, your rental income is used to support the borrowing on those properties?
You either have to look at each property separately, or bung all the assets (properties) with all the debts and look at the whole picture i.e. all your income against all your borrowings and other outgoings.
I don't hold out much hope, though - sorryWarning ..... I'm a peri-menopausal axe-wielding maniac
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