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Scottish lift
Eledoc
Posts: 3 Newbie
Hi!
Three years ago I bought a house with the Scottish lift, now I'd like to move from the house and rent a flat, can I do it without sell the house?
I have to give some communication or ask an authorization to leave the house?
Thank you for any answer
Three years ago I bought a house with the Scottish lift, now I'd like to move from the house and rent a flat, can I do it without sell the house?
I have to give some communication or ask an authorization to leave the house?
Thank you for any answer
0
Comments
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Hi!
Three years ago I bought a house with the Scottish lift, now I'd like to move from the house and rent a flat, can I do it without sell the house?
I have to give some communication or ask an authorization to leave the house?
Thank you for any answer
What will you do with the property once you've moved out? Let it?
If the Scottish government still owns a share of the equity then you have to ask the Scottish Government for written permission. Shared equity owners may only be allowed to temporarily rent out their home for a limited time in certain circumstances. When you ask the Scottish Government for permission you also have to give the start and end dates of the rental period, as well as the reason you want to temporarily let out your home.
If the Scottish Government doesn't agree to this and give you permission, you aren't allowed to rent out your home.0 -
The other owner will stay in the house.
Can this change something?0 -
As long as you're not going to let the property and one of the owners will continue living there then I don't think you need to seek permission.0
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So when you wrote "I bought a house" did you mean "we bought a house" ?
I can't see why you would need permission to leave your own house as long as you dont try to profit from it by letting it out.
You might want to think about what happens if few years down the line you decide to sell and the one who's been paying the mortgage decides they want more % of it (or will you be paying mortgage and rent?) . Will you have an agreement in writing between you outlining what happens if you both want to sell or just one wants to sell and the other doesn't ?0 -
Yes, I bought the house with another person and I'm the only one who is gonna go out.
I'll will pay my part a mortgage and my personal rent.
My doubts are about the Scottish lift ,if it was a regular mortgage the situation will be different.0
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