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Buy to Let
boa64
Posts: 3 Newbie
Hi is it possible to change my current mortgage to a buy to let one, as I wish to move in with my sister and rent my house out.
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Comments
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Yes of course.All you need do is pay off your existing mortgag and hen apply for a new, Buy To Let mortgage.
Provided you meet the criteria for a BTL ortgage there will be no problem.
Before continuing however, read this post here.
An easir solution may be to ask your existing mortgage lender for Consent To Let.0 -
Hi is it possible to change my current mortgage to a buy to let one, as I wish to move in with my sister and rent my house out.
Majority of buy to let lenders require a borrower to also own a residential property.
Consent to let may be granted but this is only ever a short term arrangement. Normally 3 years maximum.0
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