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 Property Loan for Stock Trader

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TSeinvest88
post May 2 2010, 09:01 PM, updated 16y ago

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Need advise on how to get property loan for full time stock trader? Can they qualify as they only have stock and share plus cash with no income tax statement or salary payslip. Can some one advise?
R o Y
post May 2 2010, 09:10 PM

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QUOTE(einvest88 @ May 2 2010, 09:01 PM)
Need advise on how to get property loan for full time stock trader? Can they qualify as they only have stock and share plus cash with no income tax statement or salary payslip. Can some one advise?
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Almost impossible if you have no proof of income.

Certain banks may consider if you're taking a low Margin of Finance.

Call/email me for further details.
TSeinvest88
post May 2 2010, 09:26 PM

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QUOTE(R o Y @ May 2 2010, 09:10 PM)
Almost impossible if you have no proof of income.

Certain banks may consider if you're taking a low Margin of Finance.

Call/email me for further details.
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Proof of income will be the share transaction records, and asset holding could verify from share holding and cash savings. Is that sufficient?
airline
post May 3 2010, 09:27 AM

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provide 6 months personal bank statement.
gark
post May 3 2010, 09:52 AM

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QUOTE(R o Y @ May 2 2010, 09:10 PM)
Certain banks may consider if you're taking a low Margin of Finance.
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What does bank consider a low margin of finance? Is 40% deposit on a new property considered a low margin? laugh.gif
mervick
post May 3 2010, 07:52 PM

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you must be loaded with cash to be a fulltime stock trader lol. Anyway, gluck in searching for a bank. If you have lots of cash/stocks, i think they'll take into consideration. Go get your certificates of your share. It may be useful when you want to apply for such things.

 

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