I have recently purchased this house on mortgage from halifax, i was told i can'e go for buy to let as i don't have permanent right to remain in Uk, i have work permit visa till oct 2009,i paid 20% deposit, i am a radiographer with NHS, now if i ask fro thr permission to rent out from mortagge company , will i be granted that ?

I do not think so. You will need to read the small print on the mortgage agreement.



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Friday, October 10th, 2008 at 2:18 pm
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buy my house
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3 Responses to “Can i let my newly bought house out without changing to buy to let?”

  1. silly gorbie Says:
    January 4th, 2007 at 6:12 am

    I do not think so. You will need to read the small print on the mortgage agreement.
    References :

  2. Michael H Says:
    January 4th, 2007 at 6:23 am

    Normally you would pay a higher rate of interest and they will change you to a buy-to-let mortgage , yes. If halifax don't want you there are others that will take your business.

    They often want a decent deposit, your 20% might do.

    If you got a decent mortgage deal there might be a redemption period so you might have to pay back any bonus or discount you got

    You need to tell them, if not it can void your insurance and mortgage T&Cs so they can recall the loan without notice.
    References :

  3. amsterdam Says:
    January 4th, 2007 at 10:13 pm

    Michael H is right, except I would advise finding another lender who will give you a buy to let mortgage before informing the Halifax that you plan to move your mortgage, in case you fall between two stools
    References :

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