I own a house in the UK. We lived there as a family up until recently, before work took me abroad for a while. We expect to be back in the UK living in the same house again in the late summer this year (2013).
Meanwhile, it's time to apply for a new mortgage deal. We have been accepted in principle and we like the rate and terms. But are we legally able to apply for a standard residential mortgage whilst our UK house has tenants living there? The tenants living there will be moving on in July this year.
Any answers or advice you can put forward would be very much appreciated.
Meanwhile, it's time to apply for a new mortgage deal. We have been accepted in principle and we like the rate and terms. But are we legally able to apply for a standard residential mortgage whilst our UK house has tenants living there? The tenants living there will be moving on in July this year.
Any answers or advice you can put forward would be very much appreciated.