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Letter of Concent to Let

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Comments

  • L123
    L123 Posts: 82 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    My house is bought private and not from an authority.
  • Guest101
    Guest101 Posts: 15,764 Forumite
    L123 wrote: »
    My house is bought private and not from an authority.



    Tbh that was never really relevant.
  • sparky130a
    sparky130a Posts: 660 Forumite
    mchale wrote: »
    No expert, but I don't know of any people who have had mortgages recalled that are up to date with repayment's who let the property out.
    mchale wrote: »
    Quite a few, but remember a mortgage is only a loan secured on a building, as long as repayments are made the banks & b/s are generally happy.

    Anecdotal evidence isn't something i'd rely on in this case....

    I doubt most lenders would be happy one bit. It massively exposes them to more risk.

    And lenders aren't exactly known for welcoming risk...
  • BJV
    BJV Posts: 2,535 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    As a landlord I would not risk it.

    We have a few houses which we have bought and two large commercial buildings with the view to renting out. The interest rates on a buy to let property are vastly different.

    Why would you even consider taking the risk of not telling your mortgage company? for the sake of £295 really?

    After all unless you are very rich you may need to get a mortgage on another property to live in. Don't you think that the bank would ask why you need to houses/ properties to live in?

    Honestly why risk it for £295 ?
    Happiness, Health and Wealth in that order please!:A
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