Tradefair & Financials
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Basically looking to buy a 2nd house whilst im studying at uni. So I dont work but would have an income from the 1st house (not guaranteed I know) approx rental income would be £565-595.
Would want to buy at around 85-90k mark and have 19k in cash for deposit and all fees.
My income is basically my student loan which id i am not sure how they class this?? 6k a year.
If no how much difference would a part time income of £80-100 a wk affect things and would you haveto have had the job for 6 months or something?
Thanks for any replies
Would want to buy at around 85-90k mark and have 19k in cash for deposit and all fees.
My income is basically my student loan which id i am not sure how they class this?? 6k a year.
If no how much difference would a part time income of £80-100 a wk affect things and would you haveto have had the job for 6 months or something?
Thanks for any replies
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75% of your rental income (depending on where the house is) and PT job can be used as long as its a permenant contract, but, as you are still a student every bank will tell you to foxtrot oscar. A student loan is not income. Sorry.
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