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Buy to let remortgage / guarantor
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shads1973
Posts: 98 Forumite


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)
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)
0
Comments
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Generally lenders are happy provided the rental contract is between you and the tenant under an AST.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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Thanks for the feedback. Yes be a new 12 months AST0
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