Posted on 9 February 2011 by dm
I'm looking to rent my flat out. I am currently on a 5 year fixed rate mortgage and am tied in until October 2012. The interest rate is 7.9% on my current mortgage. Do I have to change my mortgage to a buy-to-let and if so, what is the likelyhood of my mortgage company agreeing to this?
This will normally depend on why you want to let your property. If you are moving area because of work then it is very possible that your Lender will grant you consent to let without insisting you change to a Buy to Let mortgage or charging you an additional interest rate.
You should contact your Lender to discuss your wishes and ask them how they would treat such a request and what fees they will charge.
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