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mortgaging a property - no job

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  • mortgaging a property - no job

    Is it possible to mortgage a (paid for) property for half its market value and pay for this via the rental from it without having a job?

    Cheers
    Lee

  • #2
    Ok, what do you think a cash-strapped suspicious minded bank that doesn't want to lend will think of this?

    Comment


    • #3
      I think the words 'too high risk' springs to mind.

      Maybe a couple of years ago you would have a bank willing to take a chance but in the current climate I would say your chances are slim to none.....sorry.
      Free UK Property Investment Seminar

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      • #4
        I thinks it a bit premature to say this is too high risk. Just because this gentleman does not have a job does not necessarily mean he does not have an income for eg. could have substantial pensions income or invesment income.

        The type of mortgage leeuk is after is a BTL remortgage and many lenders will consider his application.
        Worldwide Financial Planning is a specialist independent provider of Large mortgages.

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