Two questions regarding income multipliers

Charlton_King

I'd be interested in having answers to the following.

Before applying whatever multiplier(s) they use:

1. Is pension income from e.g. private or professional pension considered by lenders as the gross amount or net of any tax which an individual's circumstances may inflict on it?

2. Will lenders accept rent from property, as indicated on an individual's HMRC self-assessment tax calculation, as a valid income stream - and again, do they consider the gross rental take or what's left after expenses/tax?

Very grateful for whatever help on this one.

Leon_W

There is no correct answer for either.

1. Some lenders use gross and others use net.

2. Some lenders will take BTL income (with various different criteria). Some will just want proof for 12 months and others want full accounts and HMRC returns.

It is a criteria minefield to be honest.