I have a friend who has been renting her property out without advising the bank. she has been doing this for over 2 years.
My friend has been re-directing her post since she has been out of her flat so she would not have to tell
the bank that she was renting her flat out. However, Royal Mail are now saying that they will not renew the re-direction of her post from one month because she only has a 1 year maximum allotment to do so.

My friend has 2 reasons she does not want to advise the bank that she is renting her flat out: (1) because she thinks that changing her mailing address will adversely affect her AAA+ credit rating; (2) she does not want the hassle of letting the bank know she is subletting.

Your opinions/views would be appreciated.

Ruth

Is your friend you?

lol

no.
But but some advice would be good.

This company will solve your friends problem, the post gets sent to them, they scan it, and email it to you. http://www.ukpostbox.com/ it costs but you can do it forever

She should tell the bank as she's in breach of her mortgage conditions. She'll need to request a Consent to Let. There will be a charge. Sometimes a fixed annual fees, on others, they will increase the mortgage rate.

I'm guessing the friend is aware of this and therefore looking for ways to avoid paying for the privilege.

On Royal Mail redirections you have 2 names per application to redirect. If she has a partner, may be they can apply as the main applicant and have her as a secondary name. That may give her another couple of years.

Or, if the bank is her only concern, request paperless statements via an online bank account.

My friend has a rash on his private parts, any advice for him?

how would this solve the problem? doesn't the service you mentioned only allow post to be forwarded to one of the companies addresses for the purpose is being scanned and forwarded to the client? the whole problem is that Royal
Mail won't let her forward her post anymore, and she does not want change the address for the reasons I mentioned.

Please let me know if I misunderstood the website?

Ruth

What about supplying large SAE's to the tenant and asking the tenant to post any mail once a week to an address.
Most tenants would do this and that solves the problem.

The other possibility is to have the mail sent to a local sorting office and collect it in person.
You would only need to do this every Saturday as there would then be a weeks worth of mail there.
The other way to do it is to terminate the tenancy and allow the tenants to stay on as lodgers only.
Utilities can still be in the lodgers' names aswell as TV licence
Council tax could remain in their name but what I do is have utilities,TV, and council tax in my name and charge them what they amount to roughly with a bit of profit built in.iwithin the rent.
You remain on the electoral roll but arrange for postal voting only.
That way your credit file doesn't change.
with lodgers, there is no regualtion that states you have to be resident at your property a certain amount of days a year.
You could spend an enormous amount of time at a partner's property couldn't you!??
There is no compulsion to visit your PPR at any time.I very much doubt whether tenants would mind being converted to lodgers.
They know you will hardly ever turn up and of course it solves the problem of consent to let.
You DO NOT need the permission of your lender to take in 'LODGERS'
Some people like this as the tenant and live in LL only have to give eachother 1 months notice to vacate.
If the lodgers refuse to leave after you have given a months notice the police may be called to prevent a breach of the peace whilst you are removing the lodgers from your property and the police may assist if needed.
Council tax records don't appear on credit files, only electoral roll info does.
There might be an issue with a utilty appearing at another address where you are renting, on a credit file but you can give any name you like as long as the bills are paid nobody is going to be concerned.
But again you can be on any bill you like to make payment.
You could be helping a friend out etc.
Providing the mortgage payments are made nobody will be any the wiser.
Millions of people are doing the same thing as they have little choice.
Lenders know it goes on but choose to ignore unless they have irt shoved in their face; like not making the mortgage payments.
Then they will investigate.
So to keep them off the scent make sure the mortgage payments are ALWAYS on time.

The lady wants to benefit financially from deception. She expects to benefit from the value of living at a good address (comment about AAA credit rating) and to avoid the hassle / cost of informing her lender.

It is not mortgage fraud as it was her primary residence in the past when she took out the loan. There is a technical breach of her loan agreement. The lender has a few options including calling the loan. Not all that likely if there has been no other problem. It is within their right. Some lenders will consent and others will not be happy to do so as they do not offer BTL solutions. A conversation with the lender is best.

If there is a tenant dispute later, the tenant might be able to show there was no right to let. Though this is a big stretch it has been done before. The landlord has to pay back a years rent. Little probability but not a zero percent chance.

On the credit rating, I am not sure it will matter all that much. It might have more impact to her insurance if she has a car or needs insurance where she is living. A credit score factors in the person's residence but not so much the value of the neighbourhood vs. the longevity of the tenancy at the address. Other factors matter more.