Archive for January 21st, 2009

How does my mortgage affect letting my house out?

Wednesday, January 21st, 2009
Spunkfight asked:


I have an interest only mortgage with my mortgage lender but I would now like to let my house out.

I have been advised that if I let my house out I am obliged to let my mortgage provider know.

I don’t know what the repercussions of this would be if I did or didn’t tell them. How would they find out if I just let it out anyway? What would they do if they ever found out? If I meet their mortgage repayments they shouldn’t have a problem, should they?

Can anyone enlighten me on these matters?

Eileen

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Posted in mortgages | 1 Comment »