Affordability question about buying a second property

[Aeryn23]

I jointly own a property with my spouse which is bonded. It is rented out and we recieve rental income. I'd like to buy a second property in my own name and I will need to apply for a bond.

Will the banks view 50% of my existing bond as an expense on my name or the full bond? And how much of the rental income would they take into account as additional income?

 

[zerocool2009]

The bank will see your portion as an expense, as you need to declare your expenses

Be safe, think it stands empty. Can you still afford it?

The bank might take 50% of future rental into account

 

[Grubscrew]

Jointly and severally is the option when a bank looks at your exposure to another bond. But with some proper motivation and needed documentation it should be OK.