Wednesday, August 24, 2011

How dare the banks treat homeowners so unfairly!

Can I rent out my house in secret and not tell my mortgage lender?

My bank just told me I have to pay an extra 1.5 per cent mortgage interest if I rent out my house. Do I have to tell it? Daily Mail replies: Yes. This seems pretty mean spirited.

Posted by drewster @ 02:14 PM (1567 views)
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6 thoughts on “How dare the banks treat homeowners so unfairly!

  • Happy to have a dirt cheap mortgage…
    Happy to have HP gains which come with dirt cheap mortgages…
    Not happy to pay a bit more to move because other houses have gone up too and they want 2 houses…
    Boo fooking hoo.

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  • This simply comes down to the mortgage contract that is in force – most people always overlook or are unaware of the fact that they will have signed a consent to mortgage form and the implications this carries. Always best to discuss it with the lender first before getting into the “rent the house out” situation.

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  • Can my 18 year old son drive my Ferrari? His name’s not on the insurance, but will this matter?

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  • mark wadsworth says:

    Hi. I’m a painter and decorater, why do I need to pay income tax on payments I receive cash in hand?

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  • Can I take out a mortgage on the place I rent? Plan to trouser the cash and do runner…

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  • matt_the_hat says:

    If you don’t miss a payment or need another mortage who the fu$k will know

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