There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances.
A typical fee is £520
Pygott & Crone provides expert mortgage advice in the Lincoln, Grimsby, Sleaford, Boston, Grantham, Spalding, Hykeham, Holbeach and surrounding areas.
Our advice will be specifically tailored to your needs and circumstances which could be for your first home, moving home, investing in property or remortgaging.
Please do not hesitate to contact us.