Family tie a nonissue in property sale

Posted by property | Posted in Real Estate | Posted on 03-06-2010-05-2008

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Family tie a nonissue in property sale
City Council is scheduled to vote tonight to sell a long-vacant East Side property to a sister of a former council member for a nominal price.
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Can I rent out my property under my current mortgage terms?
Q I bought a flat at the end of last year when my job seemed secure, but now that I’ve lost my job I am concerned about my mortgage payments. I have redundancy money to back me up, but I’m wondering if I can rent out my property under my present mortgage terms or if I will need to talk to my mortgage company about changing to a buy-to-let mortgage. I didn’t buy to let, but I’d rather let than be …
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