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Buying new house but keeping old one
Comments
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Thanks for the guidance Kingstreet and Getmore4less. I will check out the situation with various brokers. Apologies for hijacking the thread Paul - Good luck! Hub0
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Halifax will allow you another mortgage (assuming your'e not with them) and merely require you to state you intend to sell. If you then cannot sell you can perfectly well let out the existing place. You are supposed to inform the existing lender if you let it out, although some folk don't bother but you must have the correct buildings insurance policy if you do let the place in which case your lender may well be made aware by the insurer anyway.
This is not advice, merely information.
What are the implications though if mortgage lender finds out you are renting out house?0 -
No worries hubble. I too think I need to speak to a specialist broker.0
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