Loan on rental income + property owned outright.

[JG0009]

Lets say for example you have rental income of €14k PA on an owner occupied property worth about €390k, owned outright.
Based on that income alone and the fact the property is owned outright, what if any sort of loan can they get? No job etc can be taken into account.

Thanks.

 

[NoRegretsCoyote]

Are you talking about income from the rent-a-room scheme?

 

[luckystar]

€50k? Not sure if any of the mainstream banks would agree though. And the sub prime types will charge a massive interest rate. Equity release with no income is very difficult

 

[RedOnion]

€50k?

You accidentally added a zero there?