renting house - affect tracker?

R196

Registered User
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We are in negative equity and need to move so will have to rent out own home and rent some where else.

My question is do i need to tell the bank and if so, will they take me off the tracker rate?
 
This question has been answered many times before. You need to check your loan documentation as it may state that the terms could change if the property is no longer your PPR.

The best thing to do it not to tell your bank. So long as you keep paying your mortgage they'll be happy enough
 
This question has been answered many times before. You need to check your loan documentation as it may state that the terms could change if the property is no longer your PPR.

The best thing to do it not to tell your bank. So long as you keep paying your mortgage they'll be happy enough


Thanks - wont they find out though if the tenants claim rent relief?
 
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