Got two properties, both with a mortgage.
One being lent out – earning more than the mortgage payments for both properties.
There is a belting litetime tracker mortgage with ING direct who will only accept salaried income, and not entertain the rental income.
Now, because I have already applied individually, an IFA will not touch as they will not get their commission.
What is most frustrating is that it is a re-mortgage, and been quite happily paying and making overpayments over the last couple of years.
Going to have to see an IFA I think…
One being lent out – earning more than the mortgage payments for both properties.
There is a belting litetime tracker mortgage with ING direct who will only accept salaried income, and not entertain the rental income.
Now, because I have already applied individually, an IFA will not touch as they will not get their commission.
What is most frustrating is that it is a re-mortgage, and been quite happily paying and making overpayments over the last couple of years.
Going to have to see an IFA I think…
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