Is your loan on your property always fully paid off at the end of the mortgage agreement? UK?
It is a Together Mort. with Northern Rock -15 yrs-I thought it WAS a repyment mort. but looking at the statements cannot see how it will be paid off in that time.
I am planning on renting out my home, and I believe my mortgage agreement states that I have to live in my home for the first year of the loan, which we have done. My question is, what happens if someone was to rent out their home and this was against the contract? What action can the mortgage company take against you?