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Need help with BTL mortgage

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Comments

  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    First Anniversary Name Dropper First Post
    What kind of insurance do you have? You need public liability insurance for let properties. It is to protect you if a tenant injures themselves at your property. The insurance usually covers you for several million pounds. You can usually buy special landlord type insurance for a rental property.

    You aren't doing very well at the moment. So far you have broken all the rules set out by your mortgage lender and you are worried about the new lender seeing the rent going into your account. You don't seem to be a good risk to me.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    First Anniversary First Post Name Dropper
    http://www.mortgagesforbusiness.co.uk/news-insight/2015/july/how-the-restriction-of-relief-on-btl-mortgage-interest-will-affect-landlords/
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    First Anniversary First Post Name Dropper
    Cakeguts wrote: »
    What kind of insurance do you have? You need public liability insurance for let properties. It is to protect you if a tenant injures themselves at your property. The insurance usually covers you for several million pounds. You can usually buy special landlord type insurance for a rental property.

    You aren't doing very well at the moment. So far you have broken all the rules set out by your mortgage lender and you are worried about the new lender seeing the rent going into your account. You don't seem to be a good risk to me.


    Surely all this is a deal breaker for the new lender?
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