fhranklucas Posted May 7, 2022 Share Posted May 7, 2022 I'm buying a new build 1 bed flat in London from Taylor Wimpey on a Help To Buy equity loan scheme. 5% deposit 75% mortgage (most likely Barclays) 20% gov equity loan There's a chance that I will have to move abroad with work in the near future and I was wondering if the property can be sublet in such circumstances. The gov website states that you can sublet your HTB property if your work arrangements change and if your lender agrees to it too. Has anyone had actual experience with this or can help to understand this a little better? Thank you in advance! Quote Link to comment Share on other sites More sharing options...
Data Dave Posted May 18, 2022 Share Posted May 18, 2022 On 5/7/2022 at 12:29 PM, fhranklucas said: The gov website states that you can sublet your HTB property if your work arrangements change and if your lender agrees to it too. Yes you can rent out your property if for example you leave to work abroad. I have no specific knowledge with Barc but with Nationwide its called a 'permission to let'. They usually charge an extra 1% in interest however. But its not hard for NW to say yes to this. Probably less risk to them if you rent it out and continue to rent yourself somewhere abroad. I believe this request for renting has to done in writing by downloading a form and posting it in. Let us know how you get on. p.s are you surrrrre you want a new build? Quote Link to comment Share on other sites More sharing options...
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