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My mortgage company don't do a Buy to let
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Junior Member
Posted
I have been approached by a couple of companies in Australia and I am considering a move.

Having spoken to my mortgage company to enquire about letting my propery whilst I am away they have advised me that they dont do a buy to let. I explained that the move may not be permanent but they do not allow it. I am concerned that in the current climate I may not get another mortgage due to other loan commitments. I wouldn't like to think I have to sell the house in case things don't work out down under.

Any advice would be appreciated. Thanks.
 
Posts: 3 | Registered: 04 April 2011Reply With QuoteReport This Post
Junior Member
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Do you mean you aren't allowed to rent out your property in the UK while you are in Australia?

I haven't heard of that happening before, however I am not so familiar with the rules that UK lenders have.

In Australia you can always move out and rent a property out if you like. The banks don't mind what you do, as long as you make the repayments of course!


The Home Loan Experts
 
Posts: 2 | Registered: 29 March 2010Reply With QuoteReport This Post
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