Hi, my brother rented his place out and stopped the TRS with revenue, didn't say anything to the bank and his mortgage statement was returned with a different address scribbled on the envelope by the tenant. He has now been sent a form to fill in asking if it's a rental property etc. This happen to anyone else out there? If so whathappened? Did you lose your tracker or what happened? It's UB by the way..
I received a letter from UB asking if a property I had was PPR or Rental. It stated on the letter that my response would not negatively affect my mortgage repayments.
I never responded to them.
I have never heard of a tracker being taken away on the basis of a house moving from PPR to Rental. Unless it specifies on the letter of offer and/ or contract that the tracker only applies to a PPR I don't see how the tracker could be taken.
They are withholding his statement until he sends back address confirmation (tenant put incorrect address on the letter in error) and whether it's ppr or rented. Surely he will need the statement at some point? What about when he has to do his tax return?