You are reading a single comment by @Dammit and its replies.
Click here to read the full conversation.
-
I presume they're likely to move me off my current mortgage onto a buy-to-let?
Not always.
-
However, I assume I'd need to tell my mortgage provider - I presume they're likely to move me off my current mortgage onto a buy-to-let?
Have a read of the t&cs. One of mine allowed renting the property and another allowed it if I notified them.
-
Don't forget incidentals, management agents costs, rental insurance etc.... not like that £1,500 will just get magically transferred into your account.
Howard
aggi
Soul
@Dammit
Popped into the local estate agent (who seem like decent people), they reckon that with the current market our place would rent out for £1,500/month "in under a week for sure".
Which gives us an idea of budget for a place north of the border.
However, I assume I'd need to tell my mortgage provider - I presume they're likely to move me off my current mortgage onto a buy-to-let?