Buy to Let mortgage term expired – How can I get more time to sell?Make Text Bigger
I have a Buy to Let mortgage which has come to the end of its term with the lender and I have now reached retirement age. I have been actively trying to sell the property, but because of the current climate I have so far been unsuccessful.
I have now completely re-decorated the property and had the roof power washed and retreated. Also had the driveway re-laid in an effort to make the property more appealing for viewing.
My fear is that the lender will not give me sufficient time to achieve a sale. What can you suggest in these circumstances.
I have looked at re-mortgaging the property, as we would consider selling our guest house and moving into the Buy to let, but because of a couple of missed mortgage payments which have since been cleared I have been unsuccessful in getting another mortgage.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.