Don’t invest in property until you’ve seen this!!

Don’t break the terms and conditions of your mortgage by renting out a residential property on a residential mortgage without the correct permission on place.

If you want to buy a property with the intention of renting it out then you need a buy to let mortgage. If you’re looking to buy yourself a home then you need a residential mortgage.

Lenders understand that your plans may change and at some point you might want to let the property out. With this in mind there are lenders that will grant you whats called consent to let if you meet their criteria.

Make sure you take out the correct mortgage to avoid disappointment and potential penalties further down the line.

#mortgagebroker #mortgagetips #mortgageuk #buytolet #investment #residential #consenttolet

[brownthunder]

It's a shame I'll never be able to put this knowledge in to practice 😢