I am currently working abroad and am a 'non resident'. I have an existing, residential mortgage in the UK. I sought permission two almost 3 years ago to let the property out and they said that I could do so for a maximum of two years.
I spoke to the mortgage provider yesterday and they didn't seem too on top of things. The lady said that I should speak to a personal advisor and inform them that the two years is up so that they can put me on a buy to let mortgage at a much more unfavourable rate. She didn't realise my non resident status. Obviously I'll sit tight until they contact me.
Any ideas what kind of buy to let mortgage I can get and which providers to contact if I'm forced to relinquish my current mortgage?
I spoke to the mortgage provider yesterday and they didn't seem too on top of things. The lady said that I should speak to a personal advisor and inform them that the two years is up so that they can put me on a buy to let mortgage at a much more unfavourable rate. She didn't realise my non resident status. Obviously I'll sit tight until they contact me.
Any ideas what kind of buy to let mortgage I can get and which providers to contact if I'm forced to relinquish my current mortgage?