Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 3 weeks ago 97
I want to remortgage my BTL flat with a Lender that will allow me to Transfer the Property into an existing family Trust if I should want to do so in the future(the Trust has £80,000 of shares that are not performing well).
There is no risk to the Lender in doing this as the mortgage will remain in my name and repayments will continue to come from the rental payments.
Apparently there are a number of Lenders who do not restrict this and often never know as they don’t regularly check the Title.
However so far when we have asked Brokers about doing this the Lenders have refused, as its simpler for them just to refuse even if they don’t usually register restrictions on the Title.
Does anyone know of Lenders who will not place restrictions on Title as a matter of course?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More