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Fixed rate up, want to let. What are my options?
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
Situation: I am moving abroad for work. Potentially for many years. However I will be on a 3 month trial period (legal for all new jobs in Germany).
LTV: 53%
Letting for: £750
Current mortgage payment: £430 @ 2.34%
Consent to let:
My fixed rate with Nationwide is up 1st December. I called Nationwide and asked about consent to let. They said if they give consent, I would not be able to switch to a different mortgage. This means a rate of 4% + (1% after 6 months).
Buy to Let
Any other thoughts or advice is welcome.
Many thanks
LTV: 53%
Letting for: £750
Current mortgage payment: £430 @ 2.34%
Consent to let:
My fixed rate with Nationwide is up 1st December. I called Nationwide and asked about consent to let. They said if they give consent, I would not be able to switch to a different mortgage. This means a rate of 4% + (1% after 6 months).
- Can I get a new residential mortgage, and then apply for consent to let?
Buy to Let
- What are my chances of getting a BTL mortgage if I have just moved abroad for a new job (that includes a 3 month trial period)?
- If a need to come back, can I move back in to my property before the BTL mortgage is over?
Any other thoughts or advice is welcome.
Many thanks
0
Comments
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I would ask over on the mortgages board. More mortgage experts there.0
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Thanks.
Thread added to mortgage forum.0
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