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Loans to landlords

Raymond_Douglas
Raymond_Douglas Posts: 21 Forumite
in House buying, renting & selling
What's the score for getting a loan if your regular job income is below the minimum required by a lender, because most of your income comes from rent?

Thanks,
Raymond

Comments

  • Hoploz
    Hoploz Posts: 3,888 Forumite
    I suppose they will look back at the last three years' income and use that. Best to use a broker as they will know which lenders will be more appropriate in your situation.
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Raymond_Douglas wrote: »
    What's the score for getting a loan if your regular job income is below the minimum required by a lender, because most of your income comes from rent?

    Thanks,
    Raymond

    What is the loan for, I assume you mean a mortgage but maybe you mean simply a loan for car. how much money?

    Too little detail, sorry!
  • Raymond_Douglas
    Raymond_Douglas Posts: 21 Forumite
    ^I mean a loan to buy a car, of £10,000 - £20,000.
This discussion has been closed.
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