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Consent to Let Criteria
Rossco
Posts: 36 Forumite
Hi,
I have the opportunity to live somewhere rent free for the foreseeable future and have been contemplating letting my house in the mean time to pay off the mortgage quicker.
As I understand it I need to request the consent to let from my lender the 'One Account' but I'm wondering what the criteria for allowing this would be? I don't think I would qualify for a BTL mortgage as the rent minus management fees would only cover the interest only mortgage.
I'd cash out if I could but I suspect unless I reduced my price to something a FTB could fit on a credit card I will not be selling (but that's another story).
Thanks,
Ross.
I have the opportunity to live somewhere rent free for the foreseeable future and have been contemplating letting my house in the mean time to pay off the mortgage quicker.
As I understand it I need to request the consent to let from my lender the 'One Account' but I'm wondering what the criteria for allowing this would be? I don't think I would qualify for a BTL mortgage as the rent minus management fees would only cover the interest only mortgage.
I'd cash out if I could but I suspect unless I reduced my price to something a FTB could fit on a credit card I will not be selling (but that's another story).
Thanks,
Ross.
0
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