I recently bought my parents' house (they still live in it and don't pay any rent) and lately I re-mortgaged with Santander through an IFA.
My IFA arranged everything and all documentation was sent to me at my parents' address.
Once everything had completed I completed a form sent with the completion documentation to change my correspondence address to my address (not my parents' address).
Yesterday I received a letter from Santander to ask why I have changed address as a condition of their mortgages is that you have to live in the property.
My question is, should I have a buy to let mortgage even although it's my immediate family who live in the property and they don't pay me any rent or have a rental agreement?
My IFA arranged everything and all documentation was sent to me at my parents' address.
Once everything had completed I completed a form sent with the completion documentation to change my correspondence address to my address (not my parents' address).
Yesterday I received a letter from Santander to ask why I have changed address as a condition of their mortgages is that you have to live in the property.
My question is, should I have a buy to let mortgage even although it's my immediate family who live in the property and they don't pay me any rent or have a rental agreement?