buying new house and renting old

[ballygoran]

I owe 30k morg on my property and it is worth 400000k.I would like to let it out and buy a new property the problemn is my husband is self employed and does not have a great salary.Is there any way around this can the value of my property make it easier for me to get a new morg.

 

[LDFerguson]

A lender will take the anticipated rental income into account as well as salaries, so that might help some.

 

[sam h]

As well as anticipated rental, they will take the equity in your existing property into account, as your mortgage is almost paid, they will probably take a lien on the equity. Best option is to talk to your existing lender and see what they say