<I can see you all shaking you heads sadly.>
My friend (who has spent 22 years in the millitary and so has less of a grip on reality than me) Has told me I should get a job and do my best to improve my credit rating.
"Whatever for?" says I
"So you can get a morgage"
"Whatever for?" I repeat. I have done very well so far without one. (Not at all being sure what a morgage may be, but a lot of people have them and are made unhappy by them, so I feel it is one of those things best missed.)
"So you can get a portfolio of properties" (She has a whole string of them, all buy to let, no income but lots of headaches)
Hoo ha.
But I have seen some nice places in Devon...they even have POSTCODES.
And she says winning a property at Auction is one of the biggest thrills you can have. I can well believe that.
Is it possible to get a Morgage on a rental income?
My friend (who has spent 22 years in the millitary and so has less of a grip on reality than me) Has told me I should get a job and do my best to improve my credit rating.
"Whatever for?" says I
"So you can get a morgage"
"Whatever for?" I repeat. I have done very well so far without one. (Not at all being sure what a morgage may be, but a lot of people have them and are made unhappy by them, so I feel it is one of those things best missed.)
"So you can get a portfolio of properties" (She has a whole string of them, all buy to let, no income but lots of headaches)
Hoo ha.
But I have seen some nice places in Devon...they even have POSTCODES.
And she says winning a property at Auction is one of the biggest thrills you can have. I can well believe that.
Is it possible to get a Morgage on a rental income?