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Permission to let and another residential mortgage
nixxystupot
Posts: 15 Forumite
Hi
In a nutshell I have had consent to let on my existing property and am in the process of buying another with my partner.
My questions are:
Once my deal has finished that I'm in currently will my permission to let have To go onto a btl or can I fix into another residential deal?
Secondly once my new property that I'm moving Into and the deal on that has ended (locked in for 2 years fixed) will other lenders be happy to lend me and my partner the money whatever deal may be available at the time?
I don't want to be left in a position where me and my partner a) cannot get the money lent to us and 2) get a really rubbish rate because I have a permission to let already.
Help and advice appreciated
Nix
In a nutshell I have had consent to let on my existing property and am in the process of buying another with my partner.
My questions are:
Once my deal has finished that I'm in currently will my permission to let have To go onto a btl or can I fix into another residential deal?
Secondly once my new property that I'm moving Into and the deal on that has ended (locked in for 2 years fixed) will other lenders be happy to lend me and my partner the money whatever deal may be available at the time?
I don't want to be left in a position where me and my partner a) cannot get the money lent to us and 2) get a really rubbish rate because I have a permission to let already.
Help and advice appreciated
Nix
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