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Mortage
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I am about to buy a flat with a fixed mortage. My mortage is residential not buy -to-let. I have a letter from my lawyer that If I want to let out my flat I need a consent from my lender, is that right if so what I shoul do? I am about to sign the contract, any advice is greatly appreciated.
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Yes you must inform your mortgage lender that you will be renting out your property If you do not intend to occupy the property yourself at all, then you really should have obtained a buy to let mortgage. Inform your lender of your intention to let out the property. They will probably raise your interest rate a little but if you fail to inform them, it could cause problems down the line, such as your buildings insurance policy being void.
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