Advice for Mortgage for first home

[Avi Yanivor]

Hello,

I am new to real estate investments and looking to get my first house.

I do not own a house.

When I was shopping around for mortgage with few of the bigger banks I got the same answer that since I do not own house they cannot include the rent as an income and they are willing to finance only 45%. This is limiting my budget to buy the house I am looking to buy. I was planing on the usual 20%/80% ratio.

Does anyone else counter this issue? Is there lenders that will consider the rent as additional income that will cover the mortgage?

Any advice will be appropriated.

Thanks.