Consent to Rent on a Residential Mortgage?
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rboltonuk
Posts: 13 Forumite
I bought a flat recently and am now considering not moving in to it as they have started laying people off where I work. My mortgage is with HSBC on a tracker and the rate is quite low for the present. Im half anticpating that they might invoke some rule or say that it cannot be done without being stung for a hefty re-arrnagment fee or increase in rates.
Any suggestions greatly welcomed...
Any suggestions greatly welcomed...
0
Comments
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Depends on the lender. I am with A&L and they had no problem giving me permission to let (there was just a £90 admin fee). If you don't ask, you don't get!0
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I bought a flat recently and am now considering not moving in to it as they have started laying people off where I work. My mortgage is with HSBC on a tracker and the rate is quite low for the present. Im half anticpating that they might invoke some rule or say that it cannot be done without being stung for a hefty re-arrnagment fee or increase in rates.
Any suggestions greatly welcomed...
Check your paperwork. Somewhere there should be a list of their fees.
Some providers also wack on a loading of some sort onto the rate as its a" residential letting", they get a bit funny about you making a potential profit from them lending you money for a property you intended to live in. . Depends what HSBC are like!0 -
If you repost this on the mortgage board, you may get a better response.Mortgage start September 2015 £90000 MFiT #060
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