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Fast Track - Good Deal?

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Comments

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    You have me worried now. I was recommened this broker by a friend. I have given the broker our income which is on our accounts. The rental income is the problem apparently, thats why a fast track mortgage has been suggested, she has told me that as we have a high credit score and an LTV of around 65% that they will lend 5 x income.

    Can your income be proven or not?
  • _Andy_ wrote: »
    Can your income be proven or not?


    Yes it can. But I have been told lenders don't take into account the full rental income only half. But it is all on our accounts.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    If the rental income isn't fully considered by the lender then it shouldn't be declared on the application.
  • OK I understand, Thanks.
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