Changing Address

laurajd28

Hi,

I've got a current account and a mortgage, both with the same bank.

I've recently moved out of my mortgaged property into a house with my partner. I'm now renting out my property, but don't have consent to let from my mortgage provider, as I was in quite a bit of negative equity.
The mortgage for the new house is in my partners' name.

On my current account, I have a correspondance address which is my parents' address, so all of my post goes to there - this is because I was previously working away from home for long periods of time.

I now wish to have all of my post transferred to my new address - if I update this with the bank, are they likely to question the mortgage? Or would it be easier to change the correspondance address to my new address?

Thanks!
Laura

Okydoky25

Get consent to let. I'm sure someone will be along to tell you why you should.

100saving

if i was you i would keep it all the way it is!

if you can get away with it for a year or two you will save a lot of money. does the rent cover the mortgage? you could try and save for a year or so then make a big one off overpay up to the max without getting charged a lot. then get the consent to let in place as most banks give up to two years consent then up the % a lot after that.

Okydoky25

100saving wrote: »

if i was you i would keep it all the way it is!

if you can get away with it for a year or two you will save a lot of money. does the rent cover the mortgage? you could try and save for a year or so then make a big one off overpay up to the max without getting charged a lot. then get the consent to let in place as most banks give up to two years consent then up the % a lot after that.

Take it you've never been in the unfortunate position of renting a property TNT does not have consent to let?

Aside from the moral issues you risk losing the mortgage all to get her. Invalidating buildings insurance and so on