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Hi everyone, I’m planning on selling my property and using some of the money I make from it to purchase a new house for me to live as my primary residence and give a portion of the money I make to my girlfriend to purchase a property as a first time buyer, with a view to her renting it out.
Is this something I can legally do?
Thanks in advance for your advice.
She will need a buy to let mortgage, which I assume you realise. Some first time buyer schemes also require the buyer to live in the property they purchase.
She will need a buy to let mortgage, which I assume you realise. Some first time buyer schemes also require the buyer to live in the property they purchase.
The OP didn't say anything about either of the purchases involving a mortgage. Though that may of course be the case.
