Letting a Property

[radcamper]

I have a flat L/H property and i wanted to let it coz we wanted to move and have a 2nd mortgage keeping our first house and LET the first house.Do i need to inform our bank?What might be the consequence if in case i don't inform the bank and just let it be rented?Any one who have brilliant ideas please!!!!.... Thanks

[gapeachuk]

In short, the bank would look for the mortgage to be moved on to a 'buy-to-let' product, if they had appetite for such a lend. You generally wouldn't be able to let a property on a continued basis with a regular residential mortgage as you would be in breach of your loan terms. What you need to do is refer back to your mortgage agreement.

Of course, in the first instance the bank is reliant upon you to confirm your intentions...

[gapeachuk]

Oh, and to add to my earlier answer the consequences of not informing the bank are that they could call in the debt and demand immediate full repayment - an action they can take more readily if it is an investment property rather than your residence.

[Barker]

Just tell me one thing that how much amount you need to let the property. In other words, what is your demand?

[madeleine]

Well....
Just want to know the location of your flat where it located i actually wanted to let a home or flat so provide me some info such as: the flat size, actual location, price, estimated rented time etc....

[jummy125]

Well, I am looking for a luxury flat on rent, with all the facilities of life. If your flat have this than you can contact to me

[jummy125]

where you flat situated , I am looking a flat which is near to Leeds university

[jummy4242]

I am student in Leeds university and am looking for a rental apartment anybody can help me

[jummy4242]

I also looking a luxury apartment for rent

[usmakpr]

Sanving property that good thing for securing fauture life bcaasue more need inveset in real estate business that real estate business has become global business that is why this business more popular in all over the world so in businesss almose all invest quite save.