Hi,
I asked my mortgage lender lately if i rent my home would I need to declare that to them to which they told me I would have to get permission from them first and get the contract changed.
I am on a tracker mortgage and I'm a bit concerned this could be taken off me to which they said it wouldn't and would put that on paper.
Is this the norm where by the lender is required to know and give permission if you rent out your home? I genuinely thought it was only Revenue who were informed due to rental income.
Is there a tax incentive for people to rent homes? I think I read something about this.
Thanks very much
I asked my mortgage lender lately if i rent my home would I need to declare that to them to which they told me I would have to get permission from them first and get the contract changed.
I am on a tracker mortgage and I'm a bit concerned this could be taken off me to which they said it wouldn't and would put that on paper.
Is this the norm where by the lender is required to know and give permission if you rent out your home? I genuinely thought it was only Revenue who were informed due to rental income.
Is there a tax incentive for people to rent homes? I think I read something about this.
Thanks very much