I'm considering letting my current residential home in Bristol for 12 months. Do I need to inform my mortgage lender, and what implications does this have for my residential mortgage terms?
Quick Answer
You must inform your mortgage lender if letting your residential home. They may offer 'Consent to Let' or require a buy-to-let mortgage conversion, impacting rates and terms.
About This Topic
Letting your personal home requires informing your lender. Understand 'Consent to Let' vs. Buy-to-Let mortgages, typical 5.0-6.5% rates, and how Section 24 affects rental income tax.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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