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Buy to let house mortgage and new purchase house

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  • Savel_2
    Savel_2 Posts: 8 Forumite
    Our house is valued to 105,000 we have 39,000 left in the mortgage we got 17,000 cash and the house we want to buy is 125,000. We want to re-arrange our mortgage to buy to let which is the house we are in now that 105,000 and rent it out and buy that house which is 125,000. We are at HSBC at the moment they let us down because we need to earn 50,000 a year to let us do that. We earn about 39,000 a year.
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