Daddy Ireland
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Just wondering about this situation being a runner or not for my daughter and would banks entertain this scenario.
3 bed apartment cost 260k.
Deposit 26k.
Borrow 234k over 20 years.
My daughter lives in it and rents other 2 beds 1,500 per month. So tax free income 14k p.a Tax on remaining 4k income of 20%.
My daughter is earning 29k.
Would any bank take into consideration these rental sums and give her a mortgage of 234k over 20 years.
3 bed apartment cost 260k.
Deposit 26k.
Borrow 234k over 20 years.
My daughter lives in it and rents other 2 beds 1,500 per month. So tax free income 14k p.a Tax on remaining 4k income of 20%.
My daughter is earning 29k.
Would any bank take into consideration these rental sums and give her a mortgage of 234k over 20 years.