Can I rent out my ex-council property without having a buy-to-let mortgage? - best let mortgage
I am pleased with the quality of the Council to buy, we surely someone has to live, or have experience in knowing the purchase of municipal property, then they rent? Moreover, to know definitively whether you need to buy a mortgage for the rent? And I rent to a family member?
Please let me know.
Tuesday, January 5, 2010
Best Let Mortgage Can I Rent Out My Ex-council Property Without Having A Buy-to-let Mortgage?
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You must have permission from your mortgage lender who technically owns the house. Theres no reason not to rent, to family members, as long as you have a formal lease.
ReplyDeleteYes, if you have it can be leased, the restrictions on the sale. Hire us to whomever you want, you are the owner. You can not sell within 3 years, or you will pay the rebate - in other words, to pay the market price.
ReplyDeleteAn order for the mortgage is no different than any other mortgage - mortgages were normal in all of my paid rental properties - were now, however. Go for it.
There may be a clause in sales contracts with the Council to do what you do with the property for a certain period of time limits for - some councils, others not. I asked if I were you.
ReplyDeleteAs for the mortgage, most mortgage lenders are looking, if you rent, provided that a formal agreement in place. The answer is, not aware of some lenders, because, as the payments are held until they are happy!
Yes, do many people, but it should not do when I bought my 1 years municipal property a mortgage, I rent, and if so, where the pay is worth £ 100 unique fee or we should not your insurance company if something goes wrong goes, it can be rented for his family, and if you are on benefits you may have to do to pay additional taxes to your mortgage payment. be leased, but may be sold within a specified period, is for me in 5 years because of greedy people who have chosen to sell quickly as possible!
ReplyDeleteNo, you need to rent a purchase. If you have a mortgage in place is to sell the house to do what you want. They do not say that we save for future reference. While maintaining the repayments, which really does not matter.
ReplyDeleteCan sell you, whenever you want. Rent to whomever he wants. If you receive a purchase, so that your lender must prove that you be able to get a rental yield is high enough to cover the mortgage.
No, you need to rent a purchase. If you have a mortgage in place is to sell the house to do what you want. They do not say that we save for future reference. While maintaining the repayments, which really does not matter.
ReplyDeleteCan sell you, whenever you want. Rent to whomever he wants. If you receive a purchase, so that your lender must prove that you be able to get a rental yield is high enough to cover the mortgage.