Give up buy to let to keep family home?

agentcooper

Thanks AnotherJoe, much appreciated. I'll check out Monevator.

MortgageMamma

AnotherJoe


I absolutely LOVE the way you've compared stock markets to buy to lets, I've actually smiled my way through it.

MortgageMamma

Agentcooper


Just in case you need further info on taxation of buy to lets, here is a starting point https://www.gov.uk/government/news/changes-to-tax-relief-for-residential-landlords

bike_saving_expert

you could try re-mortgaging the buy to let and perhaps the resi as well in order to raise additional money you could possibly raise 100k on just the buy to let then you got another 45k to find.

The resi may be more difficult to re mortgage as now in your sole name but doesn't look impossible more information probably needed to say whether it could be done or not but yeah see an ifa regarding detail.