user_1698

Registered with Property118.com
Wednesday 16th October 2013


Latest Comments

Total Number of Property118 Comments: 2

Spencer

16:25 PM, 6th January 2014, About 8 years ago

Residential mortgage but renting the property without consent!

Interesting question and the advice does seem to largely suggest a BTL. Make perfect sense and will stop the sleepless nights.

The problem is, i dont understand how anyone could ask for permission from their lenders to rent. If you have been renting the property for a while then this is going to be very awkward surely?!

Dont they need to value the house and find out the rental income? If so, they will see tenants already live there.

A BTL with a different provider will take the concern away, but will cost more (depost / fees etc).

How can you ask for permission if you have already done it?
What if the provider a) doesnt do BTL or b) refuses or c) values house and finds out its already rented?... Read More

Spencer

9:26 AM, 16th October 2013, About 8 years ago

Letting my house without telling the mortgage company

Thats a very good question from Darren, something id be very interested to hear the answer to.

Do you have any feedback on this Mark Alexander?... Read More