How much of a mortgage for investment property?

Just wondering how much of a mortgage I would get given my circumstances

Property 1: Co- owned with brother. Mortgage of 405k. Property worth 600k. Rental income of 1500 per month

Property 2: Co-owned with sister. Mortgage of 125k. Property worth 260k. Rental income of 600 per month

Property 3: My PPR. Mortgage of 335k. Property worth 520k. Rental income of 5k per year

My salary is currently 61k pa. I am happy to release equity in any of the other properties to help me fund any future purchase. Looking to buy for around the 320k mark, get an interest only mortgage and should get 1,200 in rental income.

Thanks and regards,

My Brother And I Want To Buy A Second Property To Rent

My Morgage At The Moment Is €180.000 Worth €380.000

My Brothers Morgage Is €225.000 Worth €290.00

My Income Is €55.000

Brothers Income €43.000

New Property Would Have An Income Of €14.400

What Could We Borrow On These Figures

paul4 said:

New Property Would Have An Income Of €14.400

Click to expand...

That sounds like 12 x 1,200. For a start you should only budget for 11 months rent, ideally 10.