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Can I switch my mortgage to buy-to-let after buying my first home with the Lifetime ISA?
ladydisneytravel
Posts: 1 Newbie
I am in two minds whether to open a Lifetime ISA as we want to be able to let out the property in the future. I want to know whether we would be able to switch the residential mortgage to a buy-to-let mortgage at any point? I know someone who said you can do this after 6 months of living in the property but Its hard to find any information online. Thanks!
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Comments
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You're not intending to make this place your home - you might only stay there for a few months but you already have plans for letting it out. For this reason a Lifetime ISA is unsuitable.
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there is no such time limit as "6 months", the answer is "it depends", read this:
Can you rent out a home bought with a Help to Buy ISA/Lifetime ISA? - Martin Lewis' Blog...0 -
Switching mortgage is entirely up to your lender. Ask them if you can switch,,...
Have you ever been a landlord or done any education in being a landlord?? If not, don't (ie get educated first)1
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