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nationwide mortgage & want to start renting

welshman01 · 2010-09-22 19:27:50

We currently have a nationwide mortgage and we’re on the BMR @ 2% above base. We've moved out of the house and as we are struggling to sell we’ve decided to rent the house out. I understand that I need to tell Nationwide that I intend to rent the house out, but by doing this will they then take me off the BMR of 2% above…

Comments

payless Posts: 6,957 Forumite

24 September 2010 at 8:52AM

when looking at "profit" are you basing the costs on interest only or on a repayment basis ( latter may be right for cashflow but not for profit calculation)

Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.

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