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Need help with BTL mortgage
Comments
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What kind of insurance do you have? You need public liability insurance for let properties. It is to protect you if a tenant injures themselves at your property. The insurance usually covers you for several million pounds. You can usually buy special landlord type insurance for a rental property.
You aren't doing very well at the moment. So far you have broken all the rules set out by your mortgage lender and you are worried about the new lender seeing the rent going into your account. You don't seem to be a good risk to me.0 -
What kind of insurance do you have? You need public liability insurance for let properties. It is to protect you if a tenant injures themselves at your property. The insurance usually covers you for several million pounds. You can usually buy special landlord type insurance for a rental property.
You aren't doing very well at the moment. So far you have broken all the rules set out by your mortgage lender and you are worried about the new lender seeing the rent going into your account. You don't seem to be a good risk to me.
Surely all this is a deal breaker for the new lender?0
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