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Re-mortgage advice
Mr_Jackson
Posts: 3 Newbie
Hi All,
I recently contacted a mortgage lender to re-mortgage my house which has been fully paid off and has no mortgage on it. I would now like to to purchase another house with the re-mortgage money, but the lender had stated if the property is rented to students this income cannot be taken into consideration, but if the house is rented to family or professionals the income can be taken into consideration, why is this? Does this apply to all lenders ????
I recently contacted a mortgage lender to re-mortgage my house which has been fully paid off and has no mortgage on it. I would now like to to purchase another house with the re-mortgage money, but the lender had stated if the property is rented to students this income cannot be taken into consideration, but if the house is rented to family or professionals the income can be taken into consideration, why is this? Does this apply to all lenders ????
0
Comments
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Lenders can set their own policies on their target market they wish to lend to.
Seek advice from a broker to make the search easier.0
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