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Buy To Let Help

I currently own one property which I rent out and am currently living at home with parents. I have a buy to let mortgage with the west bromwich which is on a 2 year discount of 0.5% which is coming o the end of the discount period. I am looking at remortgage for a low interest rate my current rate is 6% and will increase to 6.5% next month. I would like to move into this property at some point in the next few years but I would also like a fixed rate mortgage. Are there any mortgage companies that will allow me to rent the property out and then move in when I choose. All the buy to let mortgage company say that myself or any family member are not allowed to live in the property.

Thanks

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    If you moved in you would need to change to residential mortgage status - however having tie ins with thelender may mean there could be a penalty to pay to get off the current mortgage product
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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