BTL mortgages any good deals out there

david69_2

I'm looking to rent my property out next year and as far as I'm aware I cant keep my existing mortgage on my property is this correct?
If this is the case what deals are about
I will need to borrow about £58k value of property is approx £120k

paulfaz

No reason to remortgage - speak to your lender. There may be an 'admin' charge or they may slightly up your rate.

Another choice is not to tell them..

_Andy_

david69 wrote: »

I'm looking to rent my property out next year and as far as I'm aware I cant keep my existing mortgage on my property is this correct?
If this is the case what deals are about
I will need to borrow about £58k value of property is approx £120k

You need to ask your lender for consent to let. Given the low LTV this shouldn't pose much of a problem.

adr0ck

david69 wrote: »

I'm looking to rent my property out next year and as far as I'm aware I cant keep my existing mortgage on my property is this correct?
If this is the case what deals are about
I will need to borrow about £58k value of property is approx £120k

mortgage works has one @ 4.49%

lloyds has one @ 4.99%