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No best answer has yet been selected by salsagirl. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Do you know that you are already defrauding your mortgage lender by not advising them you are renting out your existing house? Have you notified your insurer? - you may not be covered if you haven't
As Loosehead points out, they will check your credit history, but if you give a different address they may not spot the existing mortgage. However, this is fraud. You are going to have to take the extra interest rate on one of the mortgages, both if you live in neither house!
Buenchico mentioned the Inland Revenue - you don't get mortgage interest relief at source any more, but you must declare any profit you make on renting the properties.
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