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Santander Extending Mortgage Term?
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loveka
Posts: 535 Forumite
Does anyone know how likely it is that Santander would extend the term on a Buy To Let Mortgage?
It was originally a residential mortgage but we got Consent to Let 4 years ago when we moved away for work They converted the mortgage to a Buy To Let 2 years ago. Mortgage is £150k, current value of house is £550k.
We wouldn't be able to remortgage with another lender I don't think as we are both now retired with no 'earned' income.
The original plan was to sell but the older I get the more I think I don't want to relinquish my foot in the South East housing market in case we ever decide to move back.
Thank you!
It was originally a residential mortgage but we got Consent to Let 4 years ago when we moved away for work They converted the mortgage to a Buy To Let 2 years ago. Mortgage is £150k, current value of house is £550k.
We wouldn't be able to remortgage with another lender I don't think as we are both now retired with no 'earned' income.
The original plan was to sell but the older I get the more I think I don't want to relinquish my foot in the South East housing market in case we ever decide to move back.
Thank you!
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