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Ask an Expert Is it possible to get a buy to let mortgage without proof of earnings?

Is it possible to get a buy to let mortgage without proof of earnings?

Q: Is it possible to get a mortgage without proof of earnings as I need to buy my brother’s share of our late mother’s bungalow? I would need to borrow about £120,000. The bungalow has been valued at £250,000. The property would then be rented out. I also

A:

It is possible to get a buy to let mortgage without proof of earnings, dependent on your circumstances. There are some lenders that have no minimum income requirement, and will base the decision to lend primarily on the rental income that the property will generate. Generally, those lenders that are prepared to grant a mortgage without proof of income will still want to see that you are managing your money well, and are making payments on any existing credit commitments on time. The fact that you already own your own property is also a very important factor in being able to obtain finance.

These questions are for information purposes only and do not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration
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