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Right to buy and a buy to let?

jamie_brett
jamie_brett Posts: 3 Newbie
in House buying, renting & selling
Hi All,


New to this forum but I was wondering if you would be able to give me any advice on the below..


I am coming up to the last year of my Right To Buy property (5years) and was wondering if anybody has experience with this as well as getting another mortgage for another property to do a Buy to let when this one finishes?


Thanks in advance

Comments

  • 00ec25
    00ec25 Posts: 9,123 Forumite
    1,000 Posts Combo Breaker
    what is your actual question?

    you own a property, you now want to let it and in doing so you want to get a mortgage on it?
  • jamie_brett
    jamie_brett Posts: 3 Newbie
    No, when my Right To Buy finishes, would I be able to get a mortgage on top to do a Buy To Let too? I don't understand how it works and if it is possible. I am curious to see if anyone else has already done this and what the process would be. Thanks
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    Lending is now based on affordability, Engage a broker to look at your options, morality aside of RTB
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • MovingForwards
    MovingForwards Posts: 17,164 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    So you will be keeping your RTB home as your home and looking for a BTL mortgage to buy a second property as a rental?

    Or

    Moving out of the RTB property, remortgaging it as a BTL mortgage and living somewhere else?

    Speak with a good independent whole of market mortgage broker.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • jamie_brett
    jamie_brett Posts: 3 Newbie
    First option is correct. Thank you for your help
This discussion has been closed.
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