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Mortgage

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  • 02-11-2020 10:28pm
    #1
    SamByrne95
    Registered Users Posts: 4 ✭


    Hi all,

    Just wondering if I were looking at purchasing a property (first-time buyer) if rent-a-room relief could help increase the amount I can borrow from a bank? The 3.5 times income is very restrictive.

    Love to hear your thoughts.
    Tagged:


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    #2
    Caranica
    Registered Users Posts: 10,098 ✭✭✭✭Caranica


    In short, no. Rental income is not guaranteed and is not included in calculations for what you can borrow for a PPR.


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