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Help with renting out my house
Maestroman
Posts: 16 Forumite
Hello everyone
What a fantastic forum I must say. Very chuffed to have found it.
Can anyone give me some advice please? I've decided to rent out my current residence as I'm about to put in an offer for another house and would like to keep my current house rather than have to sell it.
Does this mean I would have to change my mortgage (eg to a BTL mortgage)? My current mortgage has a very high early repayment fee and the fixed term doesn't end for nearly another two years so i'd really prefer not to have to have to change it if that is possible. Does anyone have any advice?
Thank you
Maestro
What a fantastic forum I must say. Very chuffed to have found it.
Can anyone give me some advice please? I've decided to rent out my current residence as I'm about to put in an offer for another house and would like to keep my current house rather than have to sell it.
Does this mean I would have to change my mortgage (eg to a BTL mortgage)? My current mortgage has a very high early repayment fee and the fixed term doesn't end for nearly another two years so i'd really prefer not to have to have to change it if that is possible. Does anyone have any advice?
Thank you
Maestro
0
Comments
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You can go to your existing lender and ask them for consent to let - see what they say.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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thank you herbie. Will give them a call and see what they have to say.0
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