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Renting advice and negative equity
mrssquirrel71
Posts: 1 Newbie
Hi,
I have a mortgage plus a secured loan which together put me in negative equity by about £7K. I really want to sell the house, but realise that this just isn't possible. It's currently sitting empty - I need to do something but feel trapped. I doubt whether I'll be able to switch to a buy-to-let mortgage seeing as I'm in Neg Eq.
Does anyone have any thoughts/advice on whether renting out my property until the house prices rise (:D) is a viable option?
Many thanks.
I have a mortgage plus a secured loan which together put me in negative equity by about £7K. I really want to sell the house, but realise that this just isn't possible. It's currently sitting empty - I need to do something but feel trapped. I doubt whether I'll be able to switch to a buy-to-let mortgage seeing as I'm in Neg Eq.
Does anyone have any thoughts/advice on whether renting out my property until the house prices rise (:D) is a viable option?
Many thanks.
0
Comments
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Contact your lender and ask for consent to let - they will either accept or decline the request.0
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A house sitting empty?,,,,,,WHY?0
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