Suppose for example somebody was given €150k from a parent to buy an apartment & they now own the apartment in their name.
Would they be able to get any sort of a loan/mortgage to buy another similar property at all based on the rental income of the apartment and the apartment itself as security?
They may even have 10 - 20% the price of the second property price in mind, but the only regular income the would have is from rent on the first apartment.
The second property would be being bought with the intention of letting it.
(They are aware if they are letting it the would be liable for CGT if they sell it etc)
Thank you.
Would they be able to get any sort of a loan/mortgage to buy another similar property at all based on the rental income of the apartment and the apartment itself as security?
They may even have 10 - 20% the price of the second property price in mind, but the only regular income the would have is from rent on the first apartment.
The second property would be being bought with the intention of letting it.
(They are aware if they are letting it the would be liable for CGT if they sell it etc)
Thank you.