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Rental income

Where income from property represents an applicant’s primary source of income (i.e., where 50% or more of overall income is derived from rental properties), this will be treated as self-employment.

In cases where the rental income makes up less than 50% of the customer's total income, we will include the income as long as it can be evidenced clearly by the latest 3 months’ bank statements.

Key the full amount and we will weight it at 83%.

We will require the following for each of the rental properties:

  • Address of property
  • Outstanding mortgage balance
  • Total annual rental income
  • Total annual mortgage repayment

Where there are other associated costs relating to the property, such as management fees, they must also be declared or offset against the income.


Gen H

Building a fairer housing market

© Imagine Mortgages Limited 2023

Gen H ® is the trading name of Imagine Mortgages Ltd, a company registered in England and Wales. Company registration number: 11465987.

Authorised and regulated by the Financial Conduct Authority.

Our Financial Services Register number is 921355.

07723 954895

[email protected]

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