Deed of variation to AST required by new Lender?Make Text Bigger
We have just remortgaged on a rental property and our lender requires a condition inserting into the AST which is now on a statutory rolling tenancy.
The condition would allow them to collect the rent directly from our tenants in the event that we defaulted on the mortgage payments. Has anyone had experience of this.
I spoke to the NLA helpline and they referred to a deed of variation signed by landlord and tenant and witnessed.
Where can I get a deed form ? Or is it better to do it through a solicitor ?
Thanks in anticipation of help.
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