Posted on: 01st Sep, 2010 08:41 am
I recently sold my property in the uk the move to the netherlands. I decided to buy stocks and shares with my equity, in order that I could recieve a small income, I have a daughter at university, who may need a deposit for a flat in the future. My question is this. Would it be possible to buy a property with the monthly income I recieve? ie. would a lender consider this as a regular fixed income. I wish to buy with a friend in the uk. I have no other income and live with my husband in holland at the moment. my friend in england has a deposit and a fixed wage, my stocks are tied for 5 years and then I would want to cash them in and pay off my share of the mortgage. I recieve 450pounds per month and bought 110,000pounds worth of stocks.
Hi jennyann!
Welcome to forums!
In USA, the lender will consider your income from stocks and shares when you apply for a mortgage. However, rules and regulations may be different in UK. You need to contact a UK based lender and take his opinion in this matter.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
In USA, the lender will consider your income from stocks and shares when you apply for a mortgage. However, rules and regulations may be different in UK. You need to contact a UK based lender and take his opinion in this matter.
Feel free to ask if you've further queries.
Sussane