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1st Time Buyer - Advice

Hi

I was wanting a bit of advice both my husband and I live in his family home, we have enough money to put a deposit down on a house, my mother in law has asked us to stay in the house until its sold. Would we be able to by the house on a residential mortgage do it up but if the house was not sold yet could we apply for a consent to let for the property.

Many thanks
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