Follow this topic
Q&A » Mortgages
I could purchase a property outright, but want to keep my investment portfolio including an ISA account. I do have a stable part-time job but it pays very little. Can I still obtain a mortgage ?
Report
0You cannot purchase a house based on the fact that you hold the equivalent value in investments.
You have to be able to demonstrate that you can afford the debt and will need a deposit also.
If your investments produce an income then this income may be taken by some lenders in increasing your part time income.
Posted on 29 October 2008 |
Love 0 loves
Report
0If I remember correctly, some years ago I was told by a mortgage broker that only 50% of my investment income would be counted when assessing income available to service a mortgage.
Posted on 30 October 2008 | Love 0 loves
Report
Sign in or register to post an answer.
Register with lovemoney.com to start asking and answering questions on Q&A.
Get started nowRegistered already? Great! You can just sign in to ask and answer questions.
Sign in
Retweet
Comments (
Facebook