Posted on 3 April 2011 by harry
If I borrow £111,000 on a buy to let how much am I required to rent the property for? My rent would be £700 a month, how much can I borrow?
The amount of rental income you need for a loan of £111,000 is approximately £580 and a monthly income of £700 will allow you to borrow around £135,000. The actual amount will depend on the Lender and individual mortgage product that you choose.
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