How to tell if a homeowner is doing BTL but told his lender he/she doing FTB

steampowered

If you have a strong reason to believe that the property is being let while on a FTB mortgage, you can report this to the mortgage lender.

Many of the lenders do have teams that investigate whether properties are being let without consent, and will apply a hefty surcharge if this is the case (can be 2% on top of the regular interest rate).

I don't think you should report unless you actually have information suggesting you know this to be the case. Having a vague "suspicion" without any evidence to back it up is not really enough. 

F37A

user1977 said:

F37A said:

user1977 said:

F37A said:

Edi81 said:

And your connection to this is?

Who can I contact about it.

Nobody who's likely to be able or interested in doing anything about it. 

Well the lender will care as its a breach of terms and conditions if he/she paying FTB rate but they not living at property

So how do you propose to contact anybody at their lender who's going to be able to link your info to an ongoing mortgage application? Or treat your allegations as more credible than the other information they have?

There's no ongoing mortgage app in relation to this matter. I am personally buying another property but this issue is seperate for another property.

user1977

F37A said:

user1977 said:

F37A said:

user1977 said:

F37A said:

Edi81 said:

And your connection to this is?

Who can I contact about it.

Nobody who's likely to be able or interested in doing anything about it. 

Well the lender will care as its a breach of terms and conditions if he/she paying FTB rate but they not living at property

So how do you propose to contact anybody at their lender who's going to be able to link your info to an ongoing mortgage application? Or treat your allegations as more credible than the other information they have?

There's no ongoing mortgage app in relation to this matter. I am personally buying another property but this issue is seperate for another property.

Well, best of luck finding anyone in their call centre prepared to do anything about it assuming you don't have an account number or any means of verifying your connection with the property. I suppose you could send them a letter and hope for the best, but i suspect the lender is going to be less excited about it than you are.

sheramber

How do you know so much about this other  person's affairs?

theartfullodger

Write/email CEO of lender.  Get name of lender by spending £3 with land registry online (takes 5 minutes).  Make sure it's gov.uk. 

You probably won't get a reply but will be appreciated.

And/or the "National Hunter" system will find out and landlord will find any further mortgage, loan or credit agreement (eg 'phone contract) difficult/impossible/expensive.

Hunter website gives contact details also

Ah, shame....

F37A

sheramber said:

How do you know so much about this other  person's affairs?

I'll let your imagination run wild

theartfullodger

Wild eh?:  Brothel or cannabis farm then?

Noneforit999

Unless I was somehow involved or it was directly affecting me, I would be minding my own business.

I saw someone using their phone while driving this morning and my dash cam would have caught it. Am I going to go to the effort of downloading the footage and sending it to the Police? Jeez no.

badger09

Noneforit999 said:

Unless I was somehow involved or it was directly affecting me, I would be minding my own business.

I saw someone using their phone while driving this morning and my dash cam would have caught it. Am I going to go to the effort of downloading the footage and sending it to the Police? Jeez no.

Poor analogy IMO.

Agree with your 1st comment. However, if I was able to do the latter, I would.

I don't have a problem with idiots like that taking their own life, but do care that innocent victims may be involved.

SuseOrm

theartfullodger said:

Write/email CEO of lender.  Get name of lender by spending £3 with land registry online (takes 5 minutes).  Make sure it's gov.uk. 

You probably won't get a reply but will be appreciated.

And/or the "National Hunter" system will find out and landlord will find any further mortgage, loan or credit agreement (eg 'phone contract) difficult/impossible/expensive.

Hunter website gives contact details also

Ah, shame....

What absolute BS …. Anyone can apply for a FTB mortgage and their circumstances change.  Are you seriously trying to suggests a database that stores peoples intent?  And that a CEO or even their PA would even read such an email 🤣