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Mortgage and letting

simpleguy_blr · 2012-03-27 12:59:15

Hi, I currently am paying a fixed rate mortgage on small two bed house, I need a bigger house and want to move to a different place, I am planning on renting my house and move into a rented property myself. Do I need to inform my current lender if I decide to let my property? A friend mentioned that if I do so then my…

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Spider_Queen Posts: 5 Forumite

30 March 2012 at 9:11PM

I did a similar thing in 2005, I relocated and my property sat empty whilst on the market with my husband and i paying all bills. After 6 months we decided that we should rent the property but our lender (HSBC) insisted that we swop to a buy to let mortgage otherwise we couldnt rent it out, being stuck with a property that wouldnt sell we didnt have much choice so we went ahead with btl and 7 years later its still being rented.

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Mortgage and letting

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