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aayush
Posts: 1,295 Forumite
HI I am Share holder of my flat where I pay rent and a mortgage can some pleas help and advise if I able to rent out my flat ?
And do i need to advise any one if do do this ?
And do i need to advise any one if do do this ?
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Comments
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Pretty sure you can't as you need either a BTL mortgage or permission to let in a residential one and I don't think they would allow. I would imagine the rental part of you flat would have terms against subletting as well. I could be wrong though.0
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I'd imagine that Levs01 is probably right but the definitive answer will be in the terms and conditions of your mortgage agreement, so I suggest you read them.0
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HI I am Share holder of my flat where I pay rent and a mortgage can some pleas help and advise if I able to rent out my flat ?
And do i need to advise any one if do do this ?
* do you own a lease?
* if yes, what does it say? Have you read it?
* do you mean you pay ground rent?
* is it a BTL mortgage?
Yes you would need to tell many people, and comply with many laws.
Read:
* New landlords: advice, information & links0 -
I'm going to guess you might mean you have a shared ownership flat?
If so, it's vanishingly unlikely that you'll be allowed to rent it out. HAs are usually dead against this.
Whatever the circumstances, read your lease, and your mortgage agreement. You will find the answer.Mortgage - £[STRIKE]68,000 may 2014[/STRIKE] 45,680.0
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