Changing to an interest only mortgage

Jonbvn

feisty1 wrote: »

Some do give permission. They are not obliged to do so. Which is why I wrote, "They don't have to allow you to let it at all"

"we are looking to rent it out. we are looking to rent it out. They said we could do this if we pay a fee of £95/year."

They had already stated they had sought permission and your reply was to "
Why are they asking for a fee to rent the property out in the first place?"

This is just causing confusion whe they had already said they'd gained permission

Sorry FF, but your posts are more obfuscating than NDG's.

sab8878

hello all

thanks for the info. I have asked A&L and said that we can move to interest only for a £50 fee on top of the £75 to have permission to let it out. hope this ends some of the confusion. Also they don't need evidence of a repayment plan but do ask for an explanation as to how we will do it.