Advice sought, thanks in advance.
Just over two years ago we bought our new house, in which we now live. At the time we struggled to sell our old home, so we decided to rent it.
We advised the bank and they said we could continue on our existing mortgage for two years, i.e. we weren't forced into a buy-to-let mortgage.
Those two years have now passed, but the bank hasn't contacted us to move us to a BTL product. Given we are paying less than 1%, I am loathe to remind them.
What might our position be if they remember in a few months? What if they remember in a few years?
Just over two years ago we bought our new house, in which we now live. At the time we struggled to sell our old home, so we decided to rent it.
We advised the bank and they said we could continue on our existing mortgage for two years, i.e. we weren't forced into a buy-to-let mortgage.
Those two years have now passed, but the bank hasn't contacted us to move us to a BTL product. Given we are paying less than 1%, I am loathe to remind them.
What might our position be if they remember in a few months? What if they remember in a few years?