Mortgage Lender Terms

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  • mind the gap
    replied
    Originally posted by wibbleypig View Post
    hi guys,

    we are letting out our house for the first time and are looking to sign up to a guaranteed income scheme with our agent. we've spoken to our lender (RBS) and a term of us letting it out is that the property is not sub-let, but it would seem that we would let our property to the agent and they would let it to a tenant to guarantee our monthly rental.

    whilst in black and white, it seems that this would conflict with the lenders terms, has anyone had any similar experiences where the lender has agreed to the agent letting it out?

    cheers
    Andy
    Has your lender refused point blank to agree to this arrangement, or haven't you asked them yet?

    Leave a comment:


  • wibbleypig
    started a topic Mortgage Lender Terms

    Mortgage Lender Terms

    hi guys,

    we are letting out our house for the first time and are looking to sign up to a guaranteed income scheme with our agent. we've spoken to our lender (RBS) and a term of us letting it out is that the property is not sub-let, but it would seem that we would let our property to the agent and they would let it to a tenant to guarantee our monthly rental.

    whilst in black and white, it seems that this would conflict with the lenders terms, has anyone had any similar experiences where the lender has agreed to the agent letting it out?

    cheers
    Andy

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