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Financially 'wiped out' via buy to let. Bankrupted by a state owned bank.


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What happens then, for example, if I got myself a mortgage and bought a pad. In the meantime, decided that I didn't want to live in acquired pad and therefore rented out my property, covering my mortgage and give myself a small monthly surplus to put aside?

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What happens then, for example, if I got myself a mortgage and bought a pad. In the meantime, decided that I didn't want to live in acquired pad and therefore rented out my property, covering my mortgage and give myself a small monthly surplus to put aside?

 

Well assuming you had somewhere else to go cheaply and your lender gave you permission to rent or converted you over to a buy to let...Happy days :)

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