Am I legally obliged to let my mortgage company know I am letting out my flat?

Question

I have a residential mortgage and have been told that if I have had a mortgage for longer than a year then letting is permitted. Is this true?

Answer 1

it is very likely that you are contractual obliged by the terms of your mortgage, if your lender became aware and was unhappy they can insist you repay your mortgage immediately and could foreclose on it

Answer 2

READ your lease--you agreed to those terms

probably required that you intended to move in within 30 days and make it your permanent residence

We can't read it from here

Answer 3

look at the small print on you mortgage agreement. But if you do let your building/contents insurance will not cover you

Answer 4

Legally - yes.

Real Life - no.