Terrible time with council tenant and shock at how law treats landlords15:32 PM, 9th January 2019
About 7 days ago 40
I would really value some advice about letting to a family member please.
I have recently retired and purchased a “retirement home” for my wife and myself.
My intention is to let my current property to my daughter and I have consequently contacted my mortgage provider (Woolwich – Barclays) for permission to do this. Reading the application form that I received from them suggests that consent will not be given as my daughter is currently in receipt of Housing Benefit (£970 / month).
My mortgage situation is that I have an interest only tracker mortgage for which I am paying £46 per month, the mortgage completes in February 2016. I have for a number of years been overpaying and reduced the amount that needs to be repaid by £13,000.
My question is would the Woolwich / Barclays be likely to consent to my letting to my daughter given the minimal mortgage repayment amount, less than 3 years to completion and my having overpaid by £13,000?
The local council have agreed to pay the monthly £970 rent directly into my bank account.
Whilst I would wish to do things legitimately my daughters current tenancy expires at the end of July and with no hope of obtaining alternative accommodation at the LHA rate I feel that I have limited options.
Any advice would be most gratefully received
Many Thanks Dave
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