ASK258: How can I get a buy-to-let mortgage with no income? PLUS: Is Cardiff good for property investment?

The Property Podcast

This week on Ask Rob & Rob we’re talking about buy-to-let mortgages with no income and whether Cardiff is a good investment hotspot.

So, our first question this week is from Michelle.

Michelle and her partner now have the money to invest in property and they think that now or January 2021 is the perfect time to purchase their first buy-to-let property.

They’re not currently married and at the moment Michelle is a stay at home mum, but she does have a professional background.

She doesn’t have a mortgage in her name, so therefore thinks it makes sense to put the investment property in her name to avoid stamp duty costs. Her partner is also a 40% tax payer so it also makes sense for the rental income to come through Michelle.

But what Michelle now wants to know is, how can she get a mortgage without an income? Is it even possible?

The second question this week has come in from Alex. He currently lives and invests in Cardiff as he believes it has all the fundamentals.

Alex has noticed that Rob & Rob have never touched on Cardiff, or any city in Wales for that matter, on any of the podcasts.

So he’s now wondering if that’s because The Robs don’t see Wales as a good investment location, or just because there are better opportunities in other cities.

Do Rob & Rob just not like Wales? Or is there a reason they’ve never chosen a Welsh city as one of their property hotspots?

Tune in to find out.

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