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Moving Away
jt2k6
Posts: 144 Forumite
Hi all,
just signed up to a 5 year deal with northern rock, and no sooner has everything compleated then out of the blue come a once in a lifetime oppotunity for me, a chance to work for triumph motorcycles in thailand! but what do i do with my house?
all options considered!
i'm leaning towards renting out but don't i need a buy to let mortgage?
your help gratefully recieved as always
TTFN
just signed up to a 5 year deal with northern rock, and no sooner has everything compleated then out of the blue come a once in a lifetime oppotunity for me, a chance to work for triumph motorcycles in thailand! but what do i do with my house?
all options considered!
i'm leaning towards renting out but don't i need a buy to let mortgage?
your help gratefully recieved as always
TTFN
0
Comments
-
Ask for consent to lease. If they refuse you could either change mortgages or let without consent.
Have you got someone to manage the property for you?
Have you thought of approaching the council to see if they will let it from you for the full 5 years? Some councils do this.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
If you can let the place without having to subsidise the mortgage it's probably the best idea.
If you can't then it's a bit trickier. You need to consider what would happen if something went wrong.0
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