Help required!
We spent 6 months this year selling our property only for our buyer to request a £3k "bung" at the last minute to continue the sale. We refused and our chain collapsed.
We are therefore considering renting our property in 2013 and either raising capital to buy a second property or letting a property in our desired area and waiting for the market to improve (time of the essence for our rellocation because of schools!)
Our current Natwest tracker deal ends in April and last year Natwest said to me that there was no issue with offering a consent to let as our current property had been bought on the basis of living in it not "buying to let".
However I wondered what would happen at the end of my deal, would they force me into a buy-to-let or similar deal?
My question is, would be it logical to move to a 5 year fixed deal at 1/4/2013 therefore circumventing any potential to be moved onto a more expensive deal in the medium term. Or would fixing my mortgage one day and then asking for a consent to let later in the week be frowned upon?!?
We spent 6 months this year selling our property only for our buyer to request a £3k "bung" at the last minute to continue the sale. We refused and our chain collapsed.
We are therefore considering renting our property in 2013 and either raising capital to buy a second property or letting a property in our desired area and waiting for the market to improve (time of the essence for our rellocation because of schools!)
Our current Natwest tracker deal ends in April and last year Natwest said to me that there was no issue with offering a consent to let as our current property had been bought on the basis of living in it not "buying to let".
However I wondered what would happen at the end of my deal, would they force me into a buy-to-let or similar deal?
My question is, would be it logical to move to a 5 year fixed deal at 1/4/2013 therefore circumventing any potential to be moved onto a more expensive deal in the medium term. Or would fixing my mortgage one day and then asking for a consent to let later in the week be frowned upon?!?