MSE News: Santander to raise mortgage SVR in blow to borrowers

rfryer0791

rfryer0791 wrote: »

Problem with selling is I will inevitably take a loss now and will be left with a rather large balance to pay afterwards.

There's also insurance I can take to guard against not having a tenant in place for 3 months. I have considered this option too. Tough choices indeed.

harvey115

rfryer0791 wrote: »

There's also insurance I can take to guard against not having a tenant in place for 3 months. I have considered this option too. Tough choices indeed.

It is also up tot he lender to grant Conset To Let and this also requires to be renewed every year on lender's descretion. You might be forced to move to a Buy To Let later on in the process as well which would have higher interest rates.

rfryer0791

harvey115 wrote: »

It is also up tot he lender to grant Conset To Let and this also requires to be renewed every year on lender's descretion. You might be forced to move to a Buy To Let later on in the process as well which would have higher interest rates.

The future is not bright

Thanks for your replies anyway. Much appreciated.