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Buy to let mess
Jennynixon
Posts: 2 Newbie
Looking for some advice, got a but to let property when I jointly owned another house with a friend, we had a falling out and I had to move into my by to let, my 'friend' rang my buy to let mortgage company as soon as I was off the joint mortgage and told them I was living in the buy to let and they have now asked to see a copy of the current tenancy agreement to update there records, would I be best to just move out and re-rent the property or will they be happy as long as they see an agreement which I do have from the previous tenant as they moved out before it ended, I have someone willing to rent the property ASAP and if desperate I could move in with my father. I am unable to change it to residential because I'm self-employed and don't have enough books but I am able to keep up with the payments. Really not sure what to do.
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Comments
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Best thing to keep within your terms is rent it out and provide a copy of the tenancy agreement to the lender.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
Is it likely to be a problem that I'm no longer on another residential mortgage or is it fine as long as I am able to provide another address?0
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