Saturday 5 May 2012

Buy-to-let at risk as tenants demand to see mortgage permission

Tenants are increasingly asking to see the landlord’s permission from the mortgage lender to allow a residential property to be let.

This is a particular problem for ‘amateur’ landlords – for example, those who choose to let their property until they can find a buyer – many of whom do not ask the lender’s permission to let, as this would almost certainly involve an increase in their mortgage costs.

Click here to read the whoile article Buy-to-let at risk as tenants demand to see mortgage permission