What are the best ones around at the moment?
And if you have already bought the property but want to change it over to a B-T-L mortgage, do they want all the usual information, like your wages income etc? I have heard that the lenders wouldn't need that as a requirement, as they would only be concerned with what the rental income would be.
Thank you in advance.
Some want income info, others don't. Most want the rental income to cover the standard interest charge by 125% - 130%. Get some advice here.
Rob Graham
Thanks for that Rob, will do! For Ive heard of that.
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