I'm interested to know whether mortgages in the UK are ever given by taking into account any rent that the owner may acquire, rather than simply the owner's salary. My understanding of standard mortgages is that the total amount available to borrow is typically proportional to your current salary. But suppose that your salary alone will not give you the necessary mortgage for a property. Can you add the expected extra rental income to your salary for the mortgage calculation?
Specifically, I would like to know about three scenarios:
If you are a live-in landlord and rent out a second room. Can you add the expected rental income to your salary to get a mortgage?
If you are married and your spouse lives in the same room as you and pays you rent, but the mortgage is only in your name. Can you add that rental income to your salary?
If you are purchasing a property with buy-to-let intentions. Can you use the rental income exclusively to fund the mortgage repayments?
My gut instinct is "no" to all of these. But I feel like I've heard of stories where somebody has two mortgages -- one for their own place, with mortgage repayments covered by their salary, and one for a buy-to-let place, with mortgage repayments covered by the rent.