Mother's Mortgage / Divorce Settlement / HALP
Discussion
AyBee said:
Maybe I'm missing something, but if you can't make a sizable difference to her level of loan, how can you manage to transfer the property and rent it back to her?
BTL mortgages require that the income from renting the property covers the repayment each month. The income of the borrower is less of a consideration (I have 3 other BTL properties; My personal income would not provide me with enough to cover those mortgages)Gassing Station | Finance | Top of Page | What's New | My Stuff