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remortgage from BTL to RESIDENTIAL
keith69
Posts: 6 Forumite
Do i have to provide proof of income achieved on my BTL to change to residential or do they not ask such things ?(other than salary) I have 208k outstanding on this property and it is worth 340k
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Comments
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You'll go through the standard mortgage application process to ensure you meet with the set criteria.0
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If you are converting it to a residential I don't think they will ask you about the BTL income because you won't be recieving it any longer once you move into the property.keith69 said:Do i have to provide proof of income achieved on my BTL to change to residential or do they not ask such things ?(other than salary) I have 208k outstanding on this property and it is worth 340k1 -
The Lender's main concern here will be are you actually moving in, or are you just trying to get a residential rate to save interest and continue to let.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.1
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