Hi
I am currently looking to get a second mortgage, first mortgage is in negative equity but is too small to live in and need to get a second property.
My question is what way are mortgages stress tested for investment property even though it is on a tracker mortgage. Also do they take rental income into consideration?
Thanks
I am currently looking to get a second mortgage, first mortgage is in negative equity but is too small to live in and need to get a second property.
My question is what way are mortgages stress tested for investment property even though it is on a tracker mortgage. Also do they take rental income into consideration?
Thanks