Mortage lenders tighten up on ‘consent to let’

Mortgage lenders are tightening the rules for "accidental landlords" letting out homes they bought with residential mortgages, reports the Financial Times. Homeowners who want to let out residential property for a short time normally require "consent to let" from their lender. In the past, this has usually been a simple process, with a small admin fee payable; borrowers, so long as they were... Read more

Posted by Sue @ Upad on February 15th, 2010 in Landlord Legislation, Legal, Mortgages, Tips for New Landlords

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