We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage with Big Savings
gary224
Posts: 64 Forumite
Hello
I am "unemployed" and I live off investments i have in shares and in the bank.
I want to buy a 3 bedroom for 120,000 with a 65,000 deposit. (so i want bank to give me 55,000 in mortgage-loan)
I am unemployed but i have a additional 100,000 in savings in the bank and in shares. Can i still get the mortgage?
furthermore, i will rent out the other 2 rooms to tenants if i have to in order to get the mortgage.
I am "unemployed" and I live off investments i have in shares and in the bank.
I want to buy a 3 bedroom for 120,000 with a 65,000 deposit. (so i want bank to give me 55,000 in mortgage-loan)
I am unemployed but i have a additional 100,000 in savings in the bank and in shares. Can i still get the mortgage?
furthermore, i will rent out the other 2 rooms to tenants if i have to in order to get the mortgage.
0
Comments
-
Not if you can't satisfy the lender's affordability requirements.
Is your investment income sufficient to cover the mortgage you require?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 -
Yes, my investment income easily covers the mortgage.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards