Current good Buy2Let remortgage interest rate?

regularsaver1

They don't do a cash back product for this !???

Definately have consent to lease? Obviously this is only for a max of 3 years

jet77

The cash back is the extra money that I have been paying them since I went over to a consent to lease in March. I have been paying 7.25% instead of the 5.49% they are now saying that I should be paying and so are refunding the extra.

Do you know what the 5.49% will go up to or whether it already includes the BofE increase?

bigger_fella

Sorry for hi-jacking the thread, but this kinda links and will require an easy answer!

I am going to be wroking abroad for 2 years from later this year and wish to rent my house in UK out whilst away, do I need to switch to a buy-to-let mortgage as I am needing to re-mortage in the next few months anyway?

With this being my only property and being out of the country I am not usre if I can just apply for a 'standard' mortagage?

Thanks in advance,

Dave.

hearts

Renting it out you will definitely need a BTL mortgage m8 ;-)

jet77

I rang Halifax 2day and they said that they have changed my mortgage over to the 5.49% (plus whatever the BofE rise was) but they have e-mailed the branch who will sort out the refund.

Does this mean that I'm going to get caught out and they are going to put me back up to 7.25%?? I transfered my mortgage over to a consent to lease in the branch and they put me on the higher rate. On all my paperwork from the branch it states that I am on the higher rate. I'm panicking now because I think that the mortgage advisor at the branch will put it back up and tell me I'm not entitled to a refund.

regularsaver1

No

if your paperwork (KFI) confirms the 5.49% this should be fine

MuDvAyNeX

bigger_fella wrote: »

Sorry for hi-jacking the thread, but this kinda links and will require an easy answer!

I am going to be wroking abroad for 2 years from later this year and wish to rent my house in UK out whilst away, do I need to switch to a buy-to-let mortgage as I am needing to re-mortage in the next few months anyway?

With this being my only property and being out of the country I am not usre if I can just apply for a 'standard' mortagage?

Thanks in advance,

Dave.

In most cases you will need to move over to a BuyToLet, but give your mortgage company a call and ask if they give *Consent To Let*

jet77

regularsaver1 wrote: »

No

if your paperwork (KFI) confirms the 5.49% this should be fine

My KFI says 7.25% - but when I rang the call centre to ask to have my rate dropped they said that I should be on the 5.49% product