Should I tell my mortgage lender?

Ian_W

Don't forget that what they do charge you should be claimed as a business expense for tax purposes.

money-magnet_3

I got caught on this merry-go-round a few years ago with having to renew a "permission to let" agreement with my lender every 6 months or so. In the end I refinanced with another institution who (at that time) were not charging anymore interest or fees for a rental.

If you have the time and energy, I strongly recommend looking for an alternative provider.

regularsaver1

most conditions by the lender state that you must have the property managed

it would be better for you also

remember you have a responsibility as a landlord - to make the property rentable and follow regulations