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  • Mortgages & Finance

    Interest only mortgages

    Hello everyone,

    I'm really struggling and would greatly appreciate some help/guidance.

    I am lucky enough to have a nice pot of money that I am wanting to invest in property. The strategy I wanted to apply was finding properties at BMV, buying them outright cash, refurbishing them to market value, refinancing them to a interest only mortgage pulling out 75% of the cash I had put in and then renting the property out as a single let.

    All mortgages are requiring proof of income, my company is so new and is not bringing in any income and I have recently resigned from my job so I have no income.

    Is there a way for me to get the mortgage i am looking for with these circumstances?

    Any other suggestions i would really appreciate.

    Thanks so much

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    Do you literally have no income, or are you saying that you just don't have your salary anymore?

    Have you spoken with a mortgage broker?

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