Can I change my mortgage to buy to let?

Yes, it is possible to change your mortgage to a buy to let.

There are two ways that this can be achieved:

• Ask your existing lender for a ‘consent to let‘ – Essentially this means asking the lender for permission to rent out your property. They may refuse or they may agree but impose a higher interest rate.
• Remortgage to a buy to let mortgage – This is quite common and straightforward but the potential loan will be calculated from the rental income the property can generate.

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