Hi, otto
I have short question about rental income letter
If I want my builder issue rental income letter and submit to my lender, what the letter should be like?
I checked online and found template of rental income letter, but it looks like documents applied for established house not for building house!
Do you have any suggestion!
Thank you
rental income letter
- Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
- Contact:
Re: rental income letter
Lenders will not accept a rental letter from a builder. It must be from a licensed real estate agent. The same rental income letter template can be used for properties to be built. It just has to say "I have discussed the details of the proposed dwelling at 1 ABC St Sydney NSW 2000 with your customer John Smith and estimate that when complete it will achieve an estimate market rental of $300 / week."