🗳️ ELECTION 2024: THE MSE LEADERS' DEBATE Got a burning question you want us to ask the party leaders ahead of the general election? Post them on our dedicated Forum board where you can see and upvote other users' questions, or submit your suggestions via this form. Please note that the Forum's rules on avoiding general political discussion still apply across all boards.

Do I have to change my mortgage if I move abroad?

Options
Rainyday
Rainyday Posts: 18 Forumite
First Anniversary Combo Breaker
in Mortgages & endowments
If I let out my principal residence while I move abroad for work, will I have to change my mortgage to a buy-to-let?

Comments

  • happybroker
    happybroker Posts: 1,301 Forumite
    Options
    Depends who you are with at the moment but probably not. You will need to seek the lender's consent to the letting and they are likely to impose a charge for consenting.

    If you don't seek their consent the tenancy agreement might not be enforcable so make sure you cover everything off before going abroad.

    Good luck
    Happily an ex mortgage broker!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 11 Election 2024: The MSE Leaders' Debate
  • 343.9K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 236K Work, Benefits & Business
  • 609.3K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards