Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I have a residential mortgage with negative equity. I have had to rent out the property and am concerned about informing mortgage lender and being forced onto buy to let mortgage. I have a very low interest tracker mortgage.
I am also wondering if I am put onto buy to let will I have to pay down mortgage to 75% LTV as I don’t have money to do that? With rental coverage requirements then I would have to pay down more of the debt.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More