Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
I am looking to remortgage with an HMO lender with the view of renting to sharers on individual ASTs. My property title has a covenant restricting the use to ‘one single dwellinghouse’.
I understand the lenders are very careful with breaches of covenants when it comes to lettings. As far as I understand, the HMO and lettings regs use the concept of ‘household’ as opposed to ‘dwellinghouse’, so my covenant should not prevent me from letting to sharers.
Can any body shed some light on this issue, do I have a problem here ?
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