Birmingham Midshires consent to let and negative equityMake Text Bigger
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.
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