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mis sold mortgage?


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I recently went into my bank and told them that i would like to raise some capital on my existing home, via a re-mortgage, so I can buy a new home to live in, renting out the home I would be doing the re-mortgage on.

 

My mortgage advisor said I could take out a residential mortgage and apply for "permission to let", but wouldn't be able to rent the property out for the first 6 months of the mortgage.

 

I took that offer, as the rate would be far better and completed the mortgage last week, only to discover yesterday that I would not be able to rent this property out for more than 2 years, and to apply for permission to let, I needed to prove that I planned to move back into the property?

 

Have I been mis sold this mortgage? They are now telling me that I should have got a buy to let! Also, I now cannot port my mortgage over to the new home, so I have lost that interest rate (which is .50 over base).

 

Any advice on how to deal with this?

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