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Do I need to change my mortgage if I move abroad?
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Nbnb
Posts: 1 Newbie
Hi
I'm moving abroad for work. Do I need to change my mortgage to a buy to let mortgage if I plan on renting it out? I am not buying a new property or living in another in the UK so this will remain my primary residence for when I return.
Any advice welcome! Thank you!
I'm moving abroad for work. Do I need to change my mortgage to a buy to let mortgage if I plan on renting it out? I am not buying a new property or living in another in the UK so this will remain my primary residence for when I return.
Any advice welcome! Thank you!
0
Comments
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Officially you should ask your lender for consent to let. No guarantee they will say yes, but working abroad for a temporary period with the intention to return is often an acceptable reason.
What puts people off asking the question is that it puts you on the radar.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
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