Many providers require you to tell them.ot needing to switch to BTL rates if letting the property at some point in the future
And if you do tell them - does that mean you automatically get switched to a BTL rate? Or not necessarily?Wouldn't they also find out anyway when one updates the insurance details (so as to cover renting vs. owner occupiers)?Many providers require you to tell them.
However if you don't tell them and you keep paying your mortgage there is basically no chance they'll find out.
AFAIK banks will switch you if you tell them. I only know one person who's ever done this thoughAnd if you do tell them - does that mean you automatically get switched to a BTL rate? Or not necessarily?Wouldn't they also find out anyway when one updates the insurance details (so as to cover renting vs. owner occupiers)?
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