Most mortgagees insist as a term of the mortgage that you inform them of your intention to let the property.
It is quite likely that they will agree to this if your lender is one that accepts 'buy-to-let' mortgages, it may well be on different terms and at a different interest rate than your current deal and they may charge an arrangement fee.
It is recommended that you take advice from your mortgage provider or your independent financial advisor.
- Private rented housing
Information about private rented housing in North West Leicestershire
- Rent deposit guarantee scheme
The rent deposit guarantee scheme is designed to assist people on benefits or a low income to afford the deposit and one month's rent in advance that most private landlords require. We know that it isn't easy trying to find this money. We may be able to help you. With the support of local private landlords North West Leicestershire District Council runs an interest free repayable Rent Deposit Scheme to help people with the initial costs.
- Find a privately rented home
A list of privately rented properties where the landlord is willing to consider tenants in receipt of housing benefit.
- Landlords forum meetings
Minutes and agendas of the Landlords Forum.