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? ![confused](/inc/images/confused.gif)
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)![confused](/inc/images/confused.gif)
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