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is this scenario even possible?
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What is in the AST can determine what happens to the tenant if the owner stops paying the mortgage.surely a deed stating the type of person you could let to isn't an issue to BM, as long as there getting there payments each month. also this sort of thing should be checked by them before they offer surely.
It is important.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
so basically these people were stupid or ill informed by there MA.0
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Not necessarily. It could be BMs fault.
There isnt enough information, it really could have been anyones fault. If BM could reply to it i imagine they would have their own version of events and the truth would be somewhere down the middle.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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