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btl for oldies?
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Mona
Posts: 1 Newbie
I know some lenders will consider pensioners but would pension income of just under 20,000 be a problem? We are 68 and 64 and own our home. We have 45,000 as deposit and are looking at a property for 140,000 which would rent out for 650pm.
We will have another 30,000 next year from a maturing investment and my husband earns 500-1000 net per month from freelance work. The aim would be to pay down the mortgage as quickly as possible, or at least have the money put aside to do so. Advice, comments appreciated!
We will have another 30,000 next year from a maturing investment and my husband earns 500-1000 net per month from freelance work. The aim would be to pay down the mortgage as quickly as possible, or at least have the money put aside to do so. Advice, comments appreciated!
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Do you want to become a LL and all that entails?Thinking critically since 1996....0
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No problem Mona.
Just find a good broker.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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