Welcome to the reallymoving forum
Got questions and need some advice? Our forums have answers on everything from choosing the right property, to renting and selling.
  • If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.


No announcement yet.

mortgaging a property - no job

  • Filter
  • Time
  • Show
Clear All
new posts

  • 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?


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


    • #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


      • #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.