- Rental Income
- From 5% Deposit
- Limited Track Record
- Repayment & Interest Only
- Multiple Income Sources
- Residential & Buy to Let
Mortgage with Rental Income
At RockHopper we work with a number of clients who receive all or part of their income as Rental Income from a property portfolio of buy to let or commercial property.
We often find that clients who receive rental income have faced a number of problems when approaching their Bank/Building Society to find a mortgage, such as:
- Their Bank/Building Society will not consider all or part of their rental income towards mortgage affordability
- Their Bank/Building Society stress test the background buy to let portfolio and this means they will not lend or only consider a smaller mortgage than is actually required
- They receive earned income and top this up with rental income and need a lender to be able to consider both for affordability purposes
Additionally, some of the lenders we work with will look at applicants who have a limited rental income history from as little as 12 months.
Clients have told us that they may have approached their own Bank/Building Society for a mortgage using rental income and have been declined.
Clients approaching us to arrange a mortgage using investment income are often frustrated, that although their plans make sense, they have spoken to a number of lenders who will simply not consider a mortgage because of all or part of their income is earned through rental properties.
At Rockhopper we understand that every case is different and that no clients are ever the same. That is why we apply a common sense approach to assessing whether we can assist.
If you would like to see whether we can help you raise a mortgage using rental income, do get in touch for a free no obligation quotation.