Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Original poster

BTL mortgage

5 replies

MineAreCrafty · 06/08/2017 17:54

Me and DH bought a flat to rent out but in the meantime (it's taken an age) we have separated. Can one of us live in it when the current tenancy agreement is up? Technically not allowed I know. Hmm

OP posts:
Whymustyoubringinthebirds · 06/08/2017 18:02

Correct it is not allowed! Contact your mortgage provider about swapping it over to a residential mortgage - if they find you in breech of the t&c's you could get a fine/be marked down as mortgage fraud

Original poster
MineAreCrafty · 06/08/2017 18:15

I guess they have ways of finding out...

OP posts:
Original poster
MineAreCrafty · 06/08/2017 18:27

Would we be able to have it as a residential mortgage in our name as well as our home?

OP posts:
Whymustyoubringinthebirds · 06/08/2017 19:29

I think that it would be fine, unsure of the exact policies for different banks,
I would speak to them and go from there you would be moving from an unregulated mortgage to a regulated one I think would be better for the bank as regulated

Whymustyoubringinthebirds · 06/08/2017 19:30

An IFA would also be able to provide advice

New posts on this thread. Refresh page
Please create an account

To comment on this thread you need to create a Mumsnet account.

Join Mumsnet Log In

This thread is closed and is no longer accepting replies. Click here to start a new thread.