R
rath1
Guest
Hello.
Im having some bother about renting out my home. My job is not looking so good lately and I have some debt that I am strugling with. So I decided im going to move home for a year to 18 months and let the house out in order to pay off these debts.
I rang my bank to see what restrictions there are if I rent the house out and they said they would take me off my tracker mortgage and put me on a higher variable rate mortgage. And they also said I could not go back to my tracker mortgage. It seems a shame to lose my tracker mortgage for the sake of a year.
Any advise is much apprciated or if anyone knows of a way to avoid losing my tracker.
Regards.
Ian
Im having some bother about renting out my home. My job is not looking so good lately and I have some debt that I am strugling with. So I decided im going to move home for a year to 18 months and let the house out in order to pay off these debts.
I rang my bank to see what restrictions there are if I rent the house out and they said they would take me off my tracker mortgage and put me on a higher variable rate mortgage. And they also said I could not go back to my tracker mortgage. It seems a shame to lose my tracker mortgage for the sake of a year.
Any advise is much apprciated or if anyone knows of a way to avoid losing my tracker.
Regards.
Ian