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Consent to let on mortgage - get new homeowner mortgage as well?
michaels
Posts: 29,280 Forumite
Suppose I could get my mortgage co to give consent to let on my current property and I lined up a tenant, could I then purchase and move into another property with a normal homeowner mortgage - ie would a new lender look on the existing property as a btl?
I think....
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Comments
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Depends on who your current lender is and who the new lender is.0
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It would also depend on whether the rent covers the mortgage payments and whether your income justifies the size of mortgage you are looking for.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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