buy to let

[butterfly76]

if someone buys to let and obviously they are not aloud to live there themselves, how do the mortgage company know if the person is living there or not?

[Loosehead]

In reality they won't unless something draws their attention to it. The main thing that will do that is if the morgage goes unpaid.

Lenders have loads of rules and regs but in reality they only care about you paying the mortgage. So once accepted don't do anything to draw attention.

With buy to let they are already charging over the odds to compensate anyway

[dzug]

The mortgage company needs a current address for the borrower.

If that's the same as the property then they can put two and two together quite easily. If it's a different address then as long as mail is not returned as unknown then they are unlikely to suspect.