Can I rent out my house without telling my mortgage lender? | Mail Online
My bank just told me I have to pay an extra 1.5 per cent mortgage interest if I rent out my house. Do I have to tell it?
Simon Lambert, of This is Money, replies: With property transactions having slumped and mortgage lenders demanding hefty deposits for good deals, more homeowners are deciding that it would be a better plan to rent to move, rather than sell up.
This involves renting out your own home, so that you can rent another and means owners can try to ride out the property slump and also avoid the sky-high costs of moving.
Unfortunately, mortgage lenders’ response to those increasing numbers of people wanting to rent out their home so that they can move has been pretty disappointing.
Where previously many simply granted consent-to-let and perhaps charged a small administration fee, now they often demand a hefty rate premium and have started charging ever larger fees.
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment