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Right to buy
mousework
Posts: 4 Newbie
Hi,
Can anyone advise whether I can get get a buy to let mortgage to enable me to buy my housing association home? I have the right to buy at £38,000 discount. Also If I move in with my girlfriend for the 5 year- dont-repay-the-discount period, will I have to pay Capital Gains Tax when I sell it? (Its still my home)?
Thanks to anyone who might be able to help or re-direct me.
Can anyone advise whether I can get get a buy to let mortgage to enable me to buy my housing association home? I have the right to buy at £38,000 discount. Also If I move in with my girlfriend for the 5 year- dont-repay-the-discount period, will I have to pay Capital Gains Tax when I sell it? (Its still my home)?
Thanks to anyone who might be able to help or re-direct me.
0
Comments
-
Hi,
Can anyone advise whether I can get get a buy to let mortgage to enable me to buy my housing association home? I have the right to buy at £38,000 discount. Also If I move in with my girlfriend for the 5 year- dont-repay-the-discount period, will I have to pay Capital Gains Tax when I sell it? (Its still my home)?
Thanks to anyone who might be able to help or re-direct me.
Yu can only use the CGT exemption for 3 years.If you've have not made a mistake, you've made nothing0 -
Hiya,
I thought a buy to let mortgage worked on the principle that you make the mortgage repayments on the money you earn from letting the property out??
But you say that you and your girlfriend are going to move in to the property, so surely you won't have the revenue coming in from the letting and therefore would be unable to make the repayments. Why exactly are you looking at a buy to let mortgage?
As far as I'm aware, the H/association will have no objections to you purchasing this way, but your lender mightDFW #414, MoneySaver, Income Booster
It Always Seems Impossible Until It Is Done.
£2,022 in 2022 #39 - Current total £2.900 -
thanks and sorry,
still navigating this site and all things financial. to clarify, I was was thinking of moving into my girlfriends house and letting the one i currently rent from the housing association. (i have the right to buy). i was potless and homeless before, now just surviving , but with saleable roof over my head , and dreams.
. dont mean it to sound as though i am sekking emotional help; just lokking for best flight path on the way up.
thanks again.0
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