buy to let or normal mortgage

upeenarce

Hi all. This is my first post here, so please forgive me if its not in the right section or what not.

At the moment I work a seasonal job abroad for around 8 to 10 months of the year. I am looking at buying a house in england. As I work for the most part out of the country my potential house will be vacant.

My question is if i rent the remainder of the bedrooms out, do i need to get a buy to let mortgage, even though i will be living there as well?

My overall plan would be for me to buy it, my sister live there all year and whilst I'm back in England i have someone to stay. I'm not sure if I'm even allowed to rent it like that? any advice anyone has would be amazing.

upeenarce

I spoke to nationwide today they said she could live there (my sister) but couldnt tell me if i could charge rent. Anyone know anything or seen anything similar

amnblog

Your sister can live with you as it is your main UK residence.


If she wants to make a contribution that is a matter between you and her.


This is distinct from your buying it for her to live in and pay you rent whilst your primary residence is elsewhere - that it very difficult to arrange.

upeenarce

thank you for this. When i apply for a mortgage, there is a question of am i planning to rent the property. do i say no or yes?

also any rent she would pay, would i have to declare it, i.e. tax and stuff?

thanks again for any advice