We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
renting out property affect mortage????
ebuyeruk
Posts: 2 Newbie
My current salary is 18k combined with my wifes 9k wages makes 27k a year.
We are thinking of letting (renting) out our property and using the proceeds to pay of the mortage of a new house we are planning to buy.
Will the mortage lenders take the projected income generated from our house when applying for our mortage on the new property. The new house is about 200k and we need the mortage to be as large as possible
Can anyone help?
We are thinking of letting (renting) out our property and using the proceeds to pay of the mortage of a new house we are planning to buy.
Will the mortage lenders take the projected income generated from our house when applying for our mortage on the new property. The new house is about 200k and we need the mortage to be as large as possible
Can anyone help?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards