Further to a recent thread I posted, I have contacted Santander regarding the possibility of a remortgage with them.
They inform me that they regard the rental income we have from let properties as 'secondary' and are only willing to count 50% of it. For that reason, we fall short of the amount required.
Can anyone tell me whether or not this is an industry wide attitude?
They inform me that they regard the rental income we have from let properties as 'secondary' and are only willing to count 50% of it. For that reason, we fall short of the amount required.
Can anyone tell me whether or not this is an industry wide attitude?