Is there really no way to remortgage my BTL as my son lives there?Make Text Bigger
In 2014 I was able to buy my sister’s 4 bed BLT using my inheritance and some of my pension as a large deposit.
I am with BM solutions on a regulated BTL and the 2 year fixed ends at the end of Dec. My son lives in the property with his partner and their 2 months old baby and one tenant.
I have now been told that not only can I not remortgage but I can’t even get a new deal with BM Solutions.
The repayments will go up by more than £200pm and I will have to stick with that as long as I have family in the property. Does anyone know if there is any alternative to this?
I just want to help my son and his family, they have always kept up with the rent and look after the property.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.