We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards