Remortgage to BTL advice please

daisyflowergirl

Hi. I have a house i rent out, i would like to remortgage on a BTL mortgage. I earn £7800 per year from the rent and a similar amount from other self employed income. I just wondered do you think I would be able to qualify for a BTL mortgage with this income level? i have read about no income BTL mortgages although i do realise they like you to have some income, I just wondered if anyone has qualified for one in a scenario like mine and how much income they require? 
Any advice appreciated. 
Many thanks 

movilogo

Usually your rent needs to be certain percentage higher than mortgage payment. It is typical for BTL properties to take out interest only mortgage - in case repayment option seems too high.
Regarding your own income, you need to speak with a mortgage advisor or bank as different lenders have different criteria. Some require £25k yearly income as minimum. 

kingstreet

As an experienced landlord you will have options among lenders with no minimum income and income proof requirements.