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Buying a home and moving moving abroad temporarily

emi_nenCe · 2021-06-07 21:24:14

Hi, I'm planning to buy a home for myself as a first time buyer. However, I also may be moving country for another job soon for 2-3 years. I would obviously want to rent out my entire home during that time. Is this going to be an issue with the lender since my mortgage is not buy-to-let? What would the options be at that…

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07-06-2021 10:24pm

#1

emi_nenCe

Registered Users Posts: 7 ✭

Join Date: July 2008

Posts: 5

Hi,

I'm planning to buy a home for myself as a first time buyer. However, I also may be moving country for another job soon for 2-3 years.

I would obviously want to rent out my entire home during that time. Is this going to be an issue with the lender since my mortgage is not buy-to-let?
What would the options be at that point? Would I be forced to sell the house or remortgage?
Or just bite the bullet and keep paying myself and let a family member live there for free while I'm gone?

Anybody had similar situations?
Thanks

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#2 07-06-2021 10:52pm
Geuze

Registered Users Posts: 13,385 ✭✭✭✭

Join Date: July 2010

Posts: 13238

Once you make the mortgage payment on time each month, the bank won't know or care.

You may need to change the insurance, and obviously there may be a tax liability on rental income.

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