Since March 2004, My wife and I have had an income derived completely from share investments. Our income has consisted of about 75% capital gains, 10% dividends and 15% bank interest. Within the last few months we have sold all the shares, purchased a PPOR (we previously rented) and are now looking to secure a loan against the house to buy back into shares.
My question is whether our income, being 75% capital gains, would be seen as legitimate income, and qualify us for a full-doc loan with a bank. I would prefer to steer clear of securitised loans at the moment.
Thanks in advance for any advice.
My question is whether our income, being 75% capital gains, would be seen as legitimate income, and qualify us for a full-doc loan with a bank. I would prefer to steer clear of securitised loans at the moment.
Thanks in advance for any advice.