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How do banks like you to prove rental income when applying for a mortgage
dirtycredit
Posts: 179 Forumite
Hi all,
Does anyone know -I'm applying for a residential mortgage and i wondered - how do banks like you to prove rental income these days? This is rental income from an unmortgaged property.
Do i just have to provide bank statement showing the payments?
Cheers,
DC x
Does anyone know -I'm applying for a residential mortgage and i wondered - how do banks like you to prove rental income these days? This is rental income from an unmortgaged property.
Do i just have to provide bank statement showing the payments?
Cheers,
DC x
LBM-November 2019 - Total Debt £28,000/PAID!
0
Comments
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Would you be using the rental income to help support affordability for the application? If so, then this would typically treated as self-employed income, in which case you would usually need to provide latest 2 years' HMRC tax calculations and tax year overviews.I am a Mortgage Adviser
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.0 -
Thank you.
DCLBM-November 2019 - Total Debt £28,000/PAID!0
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