FREE tenancy agreement
FREE landlord softwareIt can be a helpful way out if you can't muster the finances to pay down on the mortgage to meet swapping it to a BTL that requires lower LTV's than your existing residential mortgage.
But be warned expect pretty high percentages of interest.
Might be something to look at if you're stuck between a rock and a hard place or as this journalist from Love Money, stuck with a baby in a very small place.
Discounted landlord insurance
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1 comment:
I wish it were that simple to obtain consent to let. We have just applied as we are relocating due to work and have been told 'we'll look at it on Friday'. Apparently if we receive the consent forms we're okay otherwise we can presume we have been refused. If they do consent our mortgage company will charge 0.5% of the mortgage which is another huge charge on top of the others we have for moving. I have heard other horror stories of people having to have interviews with the bank and then being refused even though the alternative was possible default. Whilst not all lenders are this harsh please examine the possible pitfalls before considering this.
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