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Changing to buy to let and buying a new house.
oiler1964
Posts: 1 Newbie
Hi
We have our property on the market but it is not selling therefore we are going to go buy to let and rent this out. By doing this it releases a fair bit of equity plus gives us a form of return and investment.
The new house is due to be completed by June July 2012. I want to be able to have the buy to let mortgage etc in place before then. My question is would it be acceptable for us to be staying in the house under a buy to let mortgage until we move into the new house then renting out the old house.
Thank you for any advice.
We have our property on the market but it is not selling therefore we are going to go buy to let and rent this out. By doing this it releases a fair bit of equity plus gives us a form of return and investment.
The new house is due to be completed by June July 2012. I want to be able to have the buy to let mortgage etc in place before then. My question is would it be acceptable for us to be staying in the house under a buy to let mortgage until we move into the new house then renting out the old house.
Thank you for any advice.
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