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Who will give me a mortgage with a sitting tenant?

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Who will give me a mortgage with a sitting tenant?

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Hi, sorry to say that banks and building societies do not grant mortgages where there is a protected tenant in situ. If you were to default on your mortgage or loan, they could not get vacant possession because of the protected status of the tenant. Even finance companies will not lend. If you don’t declare the type of tenancy or suggest to the lender that it is an ordinary Assured Shorthold Tenancy (AST), your solicitors will have to and must be truthful before the funds can be released. If you have not been accurate, your offer will be withdrawn and you will be out of pocket for any valuation and arrangement fees as well as any abortive legal costs. If you did find a lender, the rates of interest would likely be prohibitive. Protected tenancies have recently become rather difficult to sell even to some specialist companies as they rely on getting vacant possession in the future. When these companies do get vacant possession, they need to sell and at the moment, because of the state o

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