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Comments
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Do you own your current home? If you have enough equity in it, you could get a bigger new mortgage and buy your Highland property with the proceeds.
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Why not just buy it when you're ready to move up there?PeanutsMum123 said:My husband and I are hoping to retire to the Scottish Highlands in a few years' time. The plan is to find somewhere we like, buy it with a view to us moving up there eventually. In the meantime, we would be hoping to rent it out to keep the property ticking over. We wouldn't be renting it to make a profit or as an investment, just to keep the property lived in until we can move there.1 -
You are clearly trying to delude yourself that 'we're not really running a business' by letting it. But you are, and that means fulfilling all the statutory and legal obligations of a professional LL (which are particularly rigorous north of the border). Make yourself fully aware of these before you even consider it. Your job, not the agent's.No free lunch, and no free laptop
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Why do you want to buy the property now?
Until we know your motivation for this course of action, it is difficult to comment.1
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