Yes. If you move overseas for work or personal reasons and decide to rent out your UK home rather than sell it, you may become what is known as an accidental landlord.
If you have an existing residential mortgage, you will usually need your lender's permission before renting out the property. Some lenders may grant consent to let, while others may require you to switch to a buy-to-let mortgage. Your options will depend on your lender's criteria, rental income, financial circumstances and how long you intend to live abroad.
As a British expat, you may also need to consider your UK tax obligations, landlord responsibilities and appropriate property insurance.
Giraffe Private Finance can help you explore your mortgage options, whether you need consent to let, an expat buy-to-let mortgage or a remortgage of your existing UK property. Kathryn can assess your individual circumstances and guide you towards a suitable mortgage solution.