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Quite complex mortgage question
newbienewbison
Posts: 73 Forumite
Infrmation please
0
Comments
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Deposit and fees how much have you saved?
Without them forget it.
Have you concent to let on the existing mortgage(specificaly family).0 -
I have the relevant permission.
I can get 10/15k together and obviously had a deposit for the first one
Thanks0 -
If the let is legit and the rent covers the interest sufficiently then you should find another loan based on salary.
The 90%(ish) LTV might be the issue especialy getting a good rate.
Whats the GF bringing to the table0 -
Infromation please0
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If you are renting to a dependant relative then it doesnt usually have to be on BTL or anything. Most lenders will use the rental income to offset the mortgage cost so it will be as if you dont have another mortgage.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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