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Thank you but i am still confused. so we can use a rental income on a property with mortgage to meet the financial requirement? what do you mean by all obligations are met?CR001 wrote:Equity is NOT rental income. If their is equity in the property, it basically means it is worth more than the debt. You cannot use this to meet the financial requirements.
You can use rental income, provided it is enough and all obligations are met etc.
It is what made me confused but it seems that mortgage is not an issue as one of the evidences that HO accepts is Mortgage statement to show the ownership.seagul wrote:I think the concept of mortgage rental income is similar to loan money or third party support which HO prohibits to use in meeting financial requirements.
I think to meet accomodation requirement it should work but for meeting financial requirement like mortgage rental income then it may fall.samira_uk wrote:It is what made me confused but it seems that mortgage is not an issue as one of the evidences that HO accepts is Mortgage statement to show the ownership.seagul wrote:I think the concept of mortgage rental income is similar to loan money or third party support which HO prohibits to use in meeting financial requirements.