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Renting my property after BR
FR15
Posts: 1 Newbie
Hi All, firstly I went into BR in August 2009. Its nearly 3 years ago now and flown by. I remember how bad I felt before making the decision, but there has been such a positive rebuilding process since, and I have completely changed my life around, so stay positive everyone!
My question is this. I managed to hold onto to my property, as it was in negative equity. officially, its still with the receivers until August 2012 this year, but its not likley to come out of negative equity, so should simply transfer back completely into my name at this point. I am in the process of renting the flat out in 2 weeks time, and wondered if there is anything I should legally declare about doing this, or whether I should inform BR receivers legally or my mortgage company etc etc whether there is just nothing to say and to keep quiet until August 2012 when its officially mine again?
Any help or advice as always, much appreciated!
Keep up the good work on the site, it really helped me back in 2009!
My question is this. I managed to hold onto to my property, as it was in negative equity. officially, its still with the receivers until August 2012 this year, but its not likley to come out of negative equity, so should simply transfer back completely into my name at this point. I am in the process of renting the flat out in 2 weeks time, and wondered if there is anything I should legally declare about doing this, or whether I should inform BR receivers legally or my mortgage company etc etc whether there is just nothing to say and to keep quiet until August 2012 when its officially mine again?
Any help or advice as always, much appreciated!
Keep up the good work on the site, it really helped me back in 2009!
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Comments
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Nothing to add but will be really interested in your responses on this subject as I will be doing similar with my house after I am discharged later in the year. But I am buying the interest back in my house in September.0
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Renting the property out changes the status of the mortgage to a buy to let so you need to inform them. They do not *have to* agree to it. Can't help re BR.I have had many Light Bulb Moments. The trouble is someone keeps turning the bulb off
1% over payments on cc 3.5/100 (March 2014)0 -
You cant rent out the house before the interest returns to youHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0
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