Hi.
Has anyone had any experience or advice in relation to renting out our house that is a residential mortgage.
My wife (Spanish) & I are thinking about going to Barcelona for 3 years or so. Our house has a smallish mortgage 80,000 euro remaining with a tracker rate of ECB + 0.51%. & about 7 years or so remaining in term. It was originally with Danske bank but now with Pepper. IDo pepper automatically switch people onto a Buy To Let mortgage & if what could this Rate end up as?. The potential move depends on being able to rent the house out & being able to live in it once again when we return back to Ireland, and having a letting agent to attend to things while we are away.
Thanking you in advance for any advice.
Dan