Can i let my newly bought house out without changing to buy to let?

I have recently bought a house in the UK and want to let it out so i can live with my girlfirend. As my initial deposit was only 5% and the house hasn't gone up in value is it possible to rent it out? Any ideas? usually buy to let mortgages want a 15 to 20% deposit.Can i let my newly bought house out without changing to buy to let?
You need to tell your mortage lender. if you do not, you are in breach of its terms and they can recall the loan at any time.





They will want a higher deposit because there is a higher risk to your property because the owner is not the occupier.





It has nothing to do with the house value going up ir down, its to do with the terms of your mortgage contract.Can i let my newly bought house out without changing to buy to let?
You would need to talk to the mortgage lenders, to see what can be arranged. After all they own they house, not you, so you have to le them know what you want to do!
Well, talk to a lawyer to see what type of areas of law you're getting into because if it's ever brought to court, the court will have expected you to know what the actual laws state about that situation. You never want to tell a judge/magistrate ';I didn't know that!';.





As suggested above, you will also want to talk to a mortgage company to get the best advantage for your situation. The object is to make more money from letting, right? A mortgage expert or accountant will know the best ways :)





Always protect yourself and your property first! Leave emotions out when it comes to your money.