Switching from Rent to Wrap

Hi all,
I’m new to the forum and have learnt a lot from reading the many posts, questions and answers. Like most newbies I have some questions as well.

Has anyone had the situation where you have bought an IP with a view to renting it, cash flow +ve or -ve, and then had to opportunity to wrap the property either to the existing tenant or someone else?

What would be the situation with the original lender? Do you have to have their permission to enter such an agreement? I appreciate this may vary from lender to lender, but I am eager to hear of any experiences.

p.s. Thanks to Steve M for providing such a great resource as this forum.

Steve

“It’s good to see some rain”