Switching to buy-to-let and move in with family

jj_43

Yes, friend had similar conversation with HSBC. Flat in Newbury, could they BTL it.. Yes if he moved closer to work in London. No if remained in Newbury. 

There are too many temporary landlords moving out into family, then moving back evicting tenants.
I assume by now you have contacted HSBC and know the answer. 

OhWow

moongarden said:

jj_43 said:

HSBC,  well they won't give you consent to let given your moving into your sisters house down the road. Assuming you have no experience being a landlord, so why do you think you are suitable? 

I have no experience being a landlord but neither does anyone else doing it for the first time which is why I will be engaging the services of a letting agent.
Is there a reason you asked about my suitability as a landlord?

It's the landlord who has to comply with the many, many laws for letting a property. Letting Agents are not required to have any qualifications or training: they don't even need to have criminal checks