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55K to put on a 90K property but no Job
spencer_cash
Posts: 14 Forumite
Can anyone tell me the chances of getting a mortgage for 35K, given that at present i am unemployed, i would however be renting part of the property to cover the repayments.
Thanking you in anticipation of you're reply. Kind regards
Thanking you in anticipation of you're reply. Kind regards
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Comments
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I'm sorry. I can't think of a lender who will lend on this basis.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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The lender will want to see some proof of your ability to pay the interest and capital each month. Without an income how can you show them this?0
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