Buy to let remortgage / guarantor 31 January 2017 at 10:12AM in Mortgages & endowments 2 replies 592 views

shads1973

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)

silvercar

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

shads1973

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