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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Buy to Let or any other option?
Tayus
Posts: 313 Forumite
Hi everyone i have posted this over om the house buying board...
Hi, I'm just in the process of buying a house and i intend to live in it however i have a feeling that my personal situation may change in the next couple of months and i may be moving away. If i do move away i plan to let the property as i wont need to pay for accomodation (I'm staying with a friend). So here is my predicament: Do i get a buy to let mortgage when i may not even be letting the property out or do i get a normal mortgage and if i do move away change it then or is there another answer to this?
And i got this reply...
go to a mortgage broker and ensure you get a mortgage from a lender who will let you lease the property without insisting on changing the mortgage to a BTL one. Some lenders will charge you a couple of hundred pounds and let you let the property others would insist on transferring you to a BTL mortgage at a higher rate with arrangement fees etc.
Does any1 know anythng about the mortgage mentioned e.g who provides them?
Thanks
Hi, I'm just in the process of buying a house and i intend to live in it however i have a feeling that my personal situation may change in the next couple of months and i may be moving away. If i do move away i plan to let the property as i wont need to pay for accomodation (I'm staying with a friend). So here is my predicament: Do i get a buy to let mortgage when i may not even be letting the property out or do i get a normal mortgage and if i do move away change it then or is there another answer to this?
And i got this reply...
go to a mortgage broker and ensure you get a mortgage from a lender who will let you lease the property without insisting on changing the mortgage to a BTL one. Some lenders will charge you a couple of hundred pounds and let you let the property others would insist on transferring you to a BTL mortgage at a higher rate with arrangement fees etc.
Does any1 know anythng about the mortgage mentioned e.g who provides them?
Thanks
Aoccdrnig to a rscheearch at an Elingsh uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht frist and lsat ltteer is at the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae we do not raed ervey lteter by it slef but the wrod as a wlohe.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards