HI William, if we could provide evidence of the rental income from shared or granny flat situation then there is few lenders we could approach. Click on my profile for more details.
Some lenders do use your 'rental payments' as savings. I have access to over 40 lenders - will check who does and help you get into your own home. Please feel free to contact me via my Profile page to help you further. Look forward to hearing from you. Lezli
Hi William, I'm going to suggest that it's all about verification. We typically can't just tell lenders something is the way it is without verifying it with documents. In this case if you have a legitimate boarder paying rent then you may want to set it up through a property manager. You're going to lose money on fees but it's a way to have the arrangement formally in place with documents to verify regular income. Maybe another broker on here might have an alternative for you but either way I wish you the best of luck with it!
Rajesh
Hi William - I've had this situation in the past and the bank was willing to accept the income on the basis that it could be verified, that is the rental deposits could be viewed in a bank account and that the income was declared in the individuals tax return. Cheers Raj.