Advising your mortgage lenders

Mortgage Consent – Buy to let or Rent to bBuy

If you are using a Buy to Let mortgage, you will already have been made aware that you must advise your mortgage lenders of your intent to rent the property out.

If your property is mortgaged you must advise your mortgage lender that you propose letting your property and obtain their written consent. Sometimes an administration fee is charged for issuing a consent letter and it is possible that there may be a variation in the interest rate level.

 

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