We live in an area where rental properties are scarce and in high demand due to large population. It is a 3 bed house and could yield that level of rental income however we have recently had it valued for sale and have been advised that we could only expect to get in the region of 300-330K.
Only your current bank, on the condition that you sell current house. Otherwise you're subject to central bank rules.I have heard some banks offer exemption for 20% deposit and as we are in negative equity
Hi KMK 2019.
But in a nutshell it is possible to get an exemption on the central banks rules.
Yes, the have effectively now, but they hadn't a month ago when the post was made.Haven't banks stopped giving out exemptions now
You're in a very different situation. The OP has a split mortgage and in negative equity.Hi I have a similar situation at the moment
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