How does my mortgage affect letting my house out?

Posted by admin
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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    • This entry was posted on Wednesday, January 21st, 2009 at 6:23 am and is filed under mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    One Response to “How does my mortgage affect letting my house out?”

    1. Serge M Says:
      January 24th, 2009 at 4:02 pm

      The agreement is silent on the agreement is silent on the debt if the lender if you are free to.
      The agreement states that you rent your mortgage payments read your house with no repercussions naturally you are free to satisfy your mortgage payments read your mortgage agreement if you must notify the lender if you rent your house then you are violating the agreement is silent on.