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Possible to buy a rental home?
Lily1
Posts: 190 Forumite
I am a non tax payer as I don't work. As a couple myself and my husband have £50k to put on a house costing £105k. We would only want the mortgage term to be about 8 years.
The question is, would I get it in my name to take advantage of the tax position or not?
We are looking to buy the house in a town where currently there are only a handful of houses to let so we expect it to rent easily.
Any advice would be gratefully received.
The question is, would I get it in my name to take advantage of the tax position or not?
We are looking to buy the house in a town where currently there are only a handful of houses to let so we expect it to rent easily.
Any advice would be gratefully received.
0
Comments
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You can have it as joint tenants with you having say 90/95% and you husband have the other 10/5% speak to a solicitor.
As long as he has an income over £25/30,000 and no or little other debts ie No £100/120K outstanding mortgage on your own home !
You need to speak to a broker as most BTL are broker only.0 -
Good idea. No debts and a good income should be possible then, thanks.0
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