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      09-23-2012, 02:04 PM   #7
kaishang
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Drives: 2010 E90 330d
Join Date: Jul 2010
Location: London

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Your friend has probably had a mortgage for a while and may br on an interest rate of around 2.5%. If they tell the lender they are renting it out the lender may make them switch to a new BTL mortgage at about 5%.

Bad memory is hard to fix; if they forget about HMRC they might forget about informing the lender too.