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Can I live in my own BTL?
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hobie
Posts: 2 Newbie
I currently own 2 houses: 1 BTL and 1 with a residential mortgage. Since I'm having difficulty to rent out the BTL but could easily find a tenant for the other, does anything speak against just swapping house and not remortgaging both of them? So I would live in my BTL and rent out my other house?
Both are roughly of same value and state with the same outgoings.
Both are roughly of same value and state with the same outgoings.
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Comments
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as far as I am aware yes, but you have to get your residential mortgage lenders permission to let our residential property and have you insurance reviewed to make sure it covers the lettings. why are you struggling to rent out the investment property?I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
With MortgageMamma on this - sounds like you are living in the wrong house! Why not do a permanent swap and then you wouldn't have this problem again?0
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