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Applying for a loan with 2 mortgages

gwynny
gwynny Posts: 13 Forumite
in Loans
Hi, we own two homes one of which is rented out.
We are looking to Borrow money for home improvements on our home, Do I mention both mortgages when i apply and do i include the tennants rent as income??

Hope that makes sense thanks!!

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    Yes you need to mention both commitments, they'll see them on your credit file anyway.

    Depending on how the question is worded yes you can include the income from tennants (eg if they ask for salary you shouldn't, if they ask for household income or similar then yep)
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
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