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Buy to let remortgage / guarantor

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shads1973

shads1973 Posts: 98 Forumite

Part of the Furniture

10 Posts

Combo Breaker

31 January 2017 at 10:12AM in Mortgages & endowments

Hi,

Hopefully a simple question. Is a guarantor mandatory/required on a tenancy agreement if looking at a BTL remortgage?

My tenant has been on a rolling contract last 2 years but looking to get her into a new contract/rent increase prior to remortgaging and she can't provide a guarantor (90% of the rent is paid directly by the council to the lettings agent)

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silvercar Posts: 49,562 Ambassador

31 January 2017 at 11:00AM

Generally lenders are happy provided the rental contract is between you and the tenant under an AST.

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shads1973 Posts: 98 Forumite

31 January 2017 at 12:29PM

Thanks for the feedback. Yes be a new 12 months AST

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