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Buying a home and moving moving abroad temporarily

  • 07-06-2021 9:24pm
    #1
    emi_nenCe
    Registered Users, Registered Users 2 Posts: 7 ✭


    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


Comments

  • #2
    Geuze
    Registered Users, Registered Users 2 Posts: 14,036 ✭✭✭✭Geuze


    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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