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BTL tenancy agreement before I can borrow.

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meemawuk
meemawuk Posts: 24 Forumite
in Mortgages & endowments
Is it standard for a lender to insist on having a draft tenancy agreement prior to issueing a BTL mortgage? I don't have a tenancy agreement in place because I need the BTL remortgage to fund my move.

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  • ACG
    ACG Posts: 24,570 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I do not do many BTLs but it does seem a little odd.

    I am assuming they do not need it signed by a tenant?
    Who is the lender?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
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