We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Will the bank let me rent out my house?
snowlady07
Posts: 37 Forumite
My house has approximately 15% equity and is on my banks SVR which is pretty good. It's on the market but because of the current economic uncertainty I'm not that confident of it selling quick so I'm thinking of renting it out for 6 months to a year instead. I've already moved into my partners house.
I know I have to tell the bank if I want to do this. Do you think there's a chance they'll say no? I believe all buy-to-let mortgages need 25% deposit currently but I don't have this.
Any advice will be greatly appreciated.
I know I have to tell the bank if I want to do this. Do you think there's a chance they'll say no? I believe all buy-to-let mortgages need 25% deposit currently but I don't have this.
Any advice will be greatly appreciated.
0
Comments
-
You will only know the answer if you ask the bank. Why don't you give them a ring?
Also, what bank is it? Someone might be in similar situation with the same bank.Spring into Spring 2015 - 0.7/12lb0 -
It's Natwest.0
-
Thinking critically since 1996....0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards