What will happen if I move back into my house which has a Buy to Let mortgage

[HowlingGale]

Hi, does anyone know what would happen if I moved back into my house which is currently let out to tenants? My circumstances have changed, and ideally I'd like to move back in, but the house has a buy to let mortgage on it. I know that I would be in breach of the mortgage terms if i did, but can anyone advise:

1. what is the likelihood of getting found out and
2. what would be the repercussions if I did?

I presume that the lender would either want me to repay the mortgage or make me move out and rent it again, but does anyone have any experience of a similar situation?

I have talked to my lender about this and they say that I would need to switch to a residential mortgage, but the interest rates are now so high i can't afford to switch from the BTL mortgage! Any advice welcome.

It would be more of an issue if you were renting out a house that is on a residential mortgage.

@HowlingGale have you asked your bank for permission to live in the property whilst on a BTL mortgage?
When I got offered a job in a different county and I had a residential mortgage, the housing market was down and I was in negative equity so couldn't sell, I asked my bank and they gave me a letter saying they give me permission for 12 months to rent the property out. Surely you could get a reverse?
I ended up renting it out for 5 years, the bank was kept up to date and gave their permission every 12 months. Easy!

@HowlingGale call a whole of market mortgage broker and see what they can come up with. Just because your lender would cost much more, doesn't mean all lenders would be.

Also I have seen on my LinkedIn today mortgage rates have been dropped by some lenders.

Tbh I'd just do it . As long as the mortgage is paid there is nothing to arouse suspicion. I've got a BTL and I've not once been asked to submit tenancy agreements.
The only thing you may need to be careful of is moving in , selling it and thus trying to avoid capital gains tax

We did this and nothing happened - even changed our official address to the buy to let property we lived in. Our bank even found out later on that we were living in a buy to let mortgage which was against the terms and conditions and they did nothing.

Often you can get consent to move in. The concern from the mortgage company’s perspective is that you’re not using it to get round residential mortgage regulation so generally they would not be bothered if you moved in later.