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BTL mortgages any good deals out there

david69_2
david69_2 Posts: 580 Forumite
in Mortgages & endowments
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

Comments

  • paulfaz
    paulfaz Posts: 95 Forumite
    Part of the Furniture 10 Posts
    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_
    _Andy_ Posts: 11,150 Forumite
    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
    adr0ck Posts: 2,376 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    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%
This discussion has been closed.
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