Mortgage lender insisting on 6 month AST for product renewal?Make Text Bigger
My Buy to Let mortgage is coming up for renewal in June. My existing tenancy agreement ends in mid May. The lender is insisting that I have a 6 month AST in place when I renew the mortgage – is that normal?
My current tenants would like to extend but with rolling 2 months notice which I am ok with, but to satisfy the mortgage lender I’d have to get them to commit for at least 6 months.
Should I just shop around for a different mortgage or is this 6 month minimum AST normal for a mortgage renewal?
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