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First time buyer mortgage/rent query
goals22
Posts: 4 Newbie
Hi All,
I am a first time buyer. I want to buy a house this year on a standard residential mortgage, Rent if for 1 year and then move into the house.
Is it visable to
1) Buy the house on a standard mortgage - then contact the lender after maybe 1 month and ask them if I can rent out the house("permission to let") for 1 year before moving in?
2) Are there likely to be any charges/changes to mortgage if they agree to this? (even though id only let it for 1 year)
3) Is it likely the lender would refuse this request?
4) Would it be better to come clean with the lender/mortgage advisor from the beginning and advise them of my plans?
5) Can anyone think of a better way to buy a house NOW - rent for 1 year, and then move into the house to live in.
Thanks for your help.
I am a first time buyer. I want to buy a house this year on a standard residential mortgage, Rent if for 1 year and then move into the house.
Is it visable to
1) Buy the house on a standard mortgage - then contact the lender after maybe 1 month and ask them if I can rent out the house("permission to let") for 1 year before moving in?
2) Are there likely to be any charges/changes to mortgage if they agree to this? (even though id only let it for 1 year)
3) Is it likely the lender would refuse this request?
4) Would it be better to come clean with the lender/mortgage advisor from the beginning and advise them of my plans?
5) Can anyone think of a better way to buy a house NOW - rent for 1 year, and then move into the house to live in.
Thanks for your help.
0
Comments
-
Why not just wait a year having saved more deposit and buy then?0
-
Everyone seems to be of the opinion house prices are at rock bottom and that they will go up next year.
Are you of this opinion?0 -
-
currently saying at my parents house so - would like to save for one year more - the reason i want to buy now is im conscious prices may increase soon.
i will try that other discussion board - thanks0
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