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Reload this Page Remortgage Based On Rental Income?
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Old 17-04-2011, 04:08 PM
 
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Default Remortgage Based On Rental Income?
Hi All

Are there any lenders now that offer a remortgage of btl property based on rental income not rics valuation?

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  #2 (permalink)  
Old 21-04-2011, 09:16 AM
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Hi Nick,

You will need to speak to commercial lenders about investment/yield based valuations, however, from experience unless the property is a high income HMO you are unlikely to get a valuation that will be higher than the standard bricks and mortar valuation provided by standard BTL lender. Natwest are good for commercial mortgages.
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Old 21-04-2011, 10:00 AM
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Hi guys,

I spoke to Rory O'Mara the other night, he has a product in place for refinance based on rental income Rory O'Mara | Facebook. As Sujith mentioned this only works with HMO's I believe.

Sujith - nice to meet you in Maidenhead
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