We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Shared To Let
rafhelp
Posts: 372 Forumite
Say you owned 50% share of a property. You have a mortgage, but you want to buy the full 100% which the agency will allow at the appropriate time.
Say you want to buy the 100% but then want to rent out the house, is this possible? The current mortgage is not buy to let but more a first time buyer one. Can this then be changed to a buy to let mortgage?
Say you want to buy the 100% but then want to rent out the house, is this possible? The current mortgage is not buy to let but more a first time buyer one. Can this then be changed to a buy to let mortgage?
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
0
Comments
-
Yes if the current lender agrees or if you change lender.Say you owned 50% share of a property.Who owns the other 50%?
You have a mortgage, but you want to buy the full 100% which the agency will allow at the appropriate time.
What 'agency'?
What 'appropriate time'?
Say you want to buy the 100%
If the owner of the other 50% agrees to sell, and you can afford to buy, then fine.
but then want to rent out the house, is this possible?
Yes - subject to all the normal rules, laws and procedures of letting (see below).
The current mortgage is not buy to let but more a first time buyer one.
You'll need CTL or a BTL mortgage
Can this then be changed to a buy to let mortgage?
* New landlords (1):advice & information :see links in next post
* New landlords (2): Essential links for further information
* Letting agents: how should a landlord select or sack?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards