We're remortgaging our existing house to rent out with a buy to let.
We're using the capital to buy a new house that we'll be moving into.
Seems simple enough.
So we started the exchange process for our existing house mortgage. The lenders (Virgin) have said we must leave the house once we've completed that mortgage because it's a buy to let.
We didn't intend to do this because we were going to stay here for a while (a few weeks) while we did some work to the new house. The kitchen needs stripping out and some floors need fitting so we though it best to do that first before we move in.
Is this usual then? It's made me quite cross as our adviser didn't tell us this despite us explaining to him what our plans were.